Textile & Garment – Sector Note – [Nonrated] – On a growth track

In 4Q24, textile and garment sector continued a growth stance in both manufacturing and export activity. Particularly, clothing, fabric and yarn domestic production soared by a double-digit in 4Q24. Notably, the exports of textile and garment; and footwear soared by +17.2% yoy and +13.8% yoy, respectively. The rosy growths were bolstered by the restocking inventories activities in US and EU markets. Moreover, Vietnam’s fiber and yarn exports saw moderated by 4.3% yoy in 4Q24