Vietnam's garment and textile export turnover is likely to reach US$24.5bn in 2014, an increase of over 19% on last year - and the largest rise in three years - new figures show.

According to the Vietnam National Textile and Garment Group (Vinatex), the industry's efforts in the strategic direction of production, and increasing localisation, have helped increase competitiveness. To date, the sector has raised the localisation rate to more than 50%.

The negotiation of free trade agreements has promoted the growth of the industry in recent years and is attracting orders from other countries to Vietnam.

However, the next challenge for the sector will be the Trans-Pacific Partnership (TPP), which is expected to open up huge opportunities for Vietnam's garment and textile industry.

"We will have to convince customers that we are competitive and able to supply them with products and best service," said Vinatex general manager Le Tien Truong. "The upcoming Trade Agreement is an opportunity for Vietnam's garment manufacturers to prove their capabilities."

The company said it will need to improve its productivity, quality, and competitiveness with investment in new technologies, machinery and innovation, in order to compete effectively.