The consumer price index (CPI) for garments, hats, and footwear rose by 0.05 percent in March 2025 compared to the previous month, reflecting modest price increases in clothing-related services and textiles, partially offset by a decline in footwear and sock prices, according to the General Statistics Office data.
Key takeways:
- Overall category rose 0.05% in March
– Driven by increased service and material costs - Fabric prices increased 0.31%
- Ready-made clothing rose 0.08%; other garments up 0.06%
- Garment-related services increased due to higher labour costs
– Footwear services +0.28%
– Garment services +0.17% - In contrast, footwear prices fell 0.09%
– All types of socks declined 0.12%, reflecting reduced demand
The March CPI data suggests relatively stable pricing in Vietnam’s apparel and footwear market, with modest cost-driven increases in services and inputs. Lower demand for some finished goods, such as footwear and socks, looks to have helped limit overall inflation in the category.
See also: Garment Manufacturing in Vietnam