Vietnam’s textile and apparel sector has set a target of seven per cent growth over 2016. Currently, Vietnamese garment and textile products are available in 40 countries and territories around the world, with major markets including the United States, Japan, the Republic of Korea, China and the EU.

Vietnam is one of the five largest textile and garment exporters in the world. However the country is also one of the world’s leading importers of fabrics and materials. The shortage of high-quality materials for production is the biggest barrier to Vietnam’s textile and garment industry, hindering the country from taking advantage of free trade agreements.

Vietnam's Ho Chi Minh City will build large centers for designing fashion, trading garments, textile material and accessories to become the country’s future garment, textile material and accessory hub.

Ho Chi Minh City has set targets of meeting 80 to 90 per cent of Vietnam's demand for garments and textiles by 2020 and supplying 100 per cent of accessories for the country’s garment industry.

According to approved plans, the city has 23 industrial parks and export processing zones, of which 17 are operational. Most garment and textile firms are now located in the export processing zones of Tan Thuan and Linh Trung, and the industrial parks of Tan Thoi Hiep, Tan Binh, Tan Tao, Tay Bac Cu Chi and Dong Nam.