The CO2 separation from flue gas based on membrane technology has drawn great attention in the last few decades. In this work, polyetherimide (PEI) hollow fibers were fabricated by using a dry-jet-wet spinning technique. Subsequently, the composite hollow fiber membranes were prepared by dip coating of polydimethylsiloxane (PDMS) selective layer on the outer surface of PEI hollow fibers. The hollow fibers spun from various spinning conditions were fully characterized. The influence of hollow fiber substrates on the CO2/N2 separation performance of PDMS/PEI composite membranes was estimated by gas permeance and ideal selectivity. The prepared composite membrane where the hollow fiber substrate was spun from 20 wt% of dope solution, 12 mL/min of bore fluid (water) flow rate exhibited the highest ideal selectivity equal to 21.3 with CO2 permeance of 59 GPU. It was found that the dope concentration, bore fluid flow rate and bore fluid composition affect the porous structure, surface morphology and dimension of hollow fibers. The bore fluid composition significantly influenced the gas permeance and ideal selectivity of the PDMS/PEI composite membrane. The prepared PDMS/PEI composite membranes possess comparable CO2/N2 separation performance to literature ones.