This thesis examines the competitiveness of Vietnam's textile and clothing industry. It is investigated to which extent Vietnam is competitive in the global textile and clothing industry and which motives cause businesses enterprises to produce in Vietnam. The aim of this work is to help potential investors from the textile and clothing industry to make an informed choice with regard to investments in Vietnam. The research questions are answered on the basis of the current literature and the analysis of interviews with experts. In general, five reasons can be identified in the textile and clothing industry, which cause the manufacturers of clothing and textiles to shift their production to certain countries. These are: Labour costs aspects, geographical proximity to large markets, the quality and reliability of the products or producers abroad and certain customs agreements. Moreover, it is shown that in addition to Vietnam, countries such as Bangladesh, Myanmar and Cambodia are becoming more and more attractive in these two sectors. In the evaluation of the expert interviews it was found, that Vietnam has good or exceptionally good conditions for potential investors in the textile and clothing industry in all five categories with regard to reasons for the relocation of production, if compared with other producing countries. In addition to the five above-mentioned reasons, the population size, the long tradition of tailoring, the comparatively good working conditions, the political and economic stability and the necessary infrastructure are further reasons to choose Vietnam as production location. The only few problems which could be identified are related to productivity, the training of professionals, the lack of demanding customers and the lack of sophisticated fabric producers.