Denim and jeans fly off shelves from Vietnam
Vietnam’s denim and jeans sector is seeing better export opportunities thanks to higher global demand, lower European taxes, and the country’s efforts to embrace sustainable textile and garment development.
The world’s denim and jeans market was valued at more than $6.2 billion in 2021 and is expected to expand at a combined annual growth rate (CAGR) of 8.26% over the next five years to reach $9.98 billion by 2027, according to the “Denim Jeans Market Research Report 2023-2027" released this February by Market Growth Reports, a global firm in the market research industry.
Denim jeans are a very popular article of casual dress around the world, and come in many styles and colors. However, blue jeans are particularly identified with U.S. culture. Denim jeans have a very wide appeal and are considered comfortable, durable, trendy, and cool, according to the report.

A denim and jeans outlet in Japan. Photo courtesy of Denimsandjeans.com
Sandeep Agarwal, CEO of Indian company Balaji Enterprises and founder of sectoral platform Denimsandjeans.com, told a press briefing in Ho Chi Minh City Friday that Vietnam, as a key exporter of textile and garment products worldwide, is shipping plenty of denim clothes. Europe’s taxes on the products are 4-6% currently but will drop to zero over the next two years.
Another advantage for Vietnam is the continued efforts of the apparel sector to embrace green production, sustainability, and circularity to further fuel green exports and sharpen its competitive edge.
Agarwal said his company and his denim platform, in partnership with the Vietnam Textile and Apparel Association (VITAS), will organize the fifth edition of the Denimsandjeans.com Vietnam Show in HCMC on March 1-2 with the participation of fabric and apparel enterprises from 10 countries and territories, who will showcase the latest fashion trends and innovations in the global denim industry.
The event is also expected to serve as a good opportunity for exhibitors to seek and establish partnerships, and for the Vietnamese denim supply sector to show its competency to international visitors, said VITAS general secretary Nguyen Tuyet Mai.
On the sidelines of the show, a series of seminars will be held with international experts taking part to discuss the future of denim supply, sustainable development, artificial intelligence-assisted breakthroughs for denim, and other issues, according to the organizers.
Around 20 years ago, denim jeans were basic products, but they are nowadays fashion items that change every season with different varieties.
As for jeans imports to the U.S. from January-October last year, women’s and girls’ items rose 19.06% to $285.82 million, while men’s and boys’ jeans were up 19.36% to $93.33 million, according to data from the U.S. Commerce Department’s Office of Textiles and Apparel (OTEXA).
Vietnam earned around $44 billion from textile and garment exports in 2022, up 8.8% from 2021, with items shipped to 66 countries and territories worldwide, according to VITAS. This year’s expected value is $47-48 billion in a positive scenario and $45-46 billion in a less positive scenario
- Read More
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7