Natural bamboo fibers have excellent properties suggesting that there is a good potential for them to be used in textiles; however, they have not received the attention that they deserve owing to their coarse and stiff quality. Therefore, a chemical method for extraction and modification of natural bamboo fibers for textile end uses were developed and optimized in this paper. The quality of natural bamboo fibers were characterized by their chemical composition, linear density, and tenacity. Experimental results show that the modified bamboo fibers are finer, with significant lower content of noncellulosic substances. The processing parameters are optimized as: 20 g/$l$ NaOH, 3 g/$l$ $Na_5P_3O_{10}$, 5 g/$l$ $Na_2SO_3$, 3 g/$l$ penetrating agent, with a fiber to liquid ratio of 1:10, at $100^{circ}C$ for 2 h, and the bamboo fiber thus produced has cellulose amount of 73.25 %, fineness of 3.26 tex, average length of 44.5 mm, breaking elongation of 2.8 % and tenacity of 2.41 cN/dtex. The result of this study may offer a possibility of developing natural bamboo fibers into practical applications in textiles.