Want to be in the loop?
subscribe to
our notification
Business News
APPAREL, FOOTWEAR EXPORTS TO U.S., EU SURGE
Vietnam’s apparel and footwear exports to the United States and the European Union (EU) have grown significantly.
According to the General Department of Vietnam Customs, the nation exported US$3.15 billion worth of textile and garment products in April, taking the total in the first four months of the year to US$11.83 billion, up 22.2% year-on-year.
In the four-month period, Vietnam’s apparel exports stateside rose 26.8% to some US$6 billion. The United States accounted for up to 59% of Vietnam’s total apparel export revenue.
Apparel exports to the EU market also surged 34.6% over the same period last year to US$1.3 billion. Meanwhile, the revenue from export to South Korea hit US$1 billion, up 8.7%, and the figure to Japan fell 2% to US$1.05 billion.
Large enterprises in the sector are upbeat about exporting textile and garment products to the United States and the EU thanks to an increasingly high number of large orders.
Importers are working directly with producers, thus reducing costs.
Many buyers are concerned about the impact of China’s zero-Covid policy on supply chains, so they have sought to shift some of their orders to regional countries, including Vietnam.
As for the EU market, the European Union-Vietnam Free Trade Agreement, which took effect in August 2020, further facilitated exports to the bloc.
The customs agency’s statistics also showed that footwear exports reached nearly US$7.32 billion in the first four months of the year, up 12.4% year-on-year.
The United States took the lead in footwear imports from Vietnam with revenue of US$3.16 billion, up 20.6% versus the year-ago period and making up 43% of Vietnam’s total footwear export revenue.
The EU ranked second with over US$1.77 billion, increasing 19% and accounting for 24.3%.
According to experts, U.S. importers tend to shift from traditional supplying countries to emerging economies. Vietnam’s improved product quality and competitive prices have attracted more buyers from the U.S., the EU and Japan.
Source: The Saigon Times
Related News
VIETNAM ECONOMY INVESTMENT
FOREIGN INVESTORS SEEKING A SYNCHRONISED MANUFACTURING ECOSYSTEM
Instead of focusing only on land costs and incentives as usual, foreign investors are seeking a synchronised manufacturing ecosystem, from stable power supply and logistics to shared infrastructure and the convenience of completing residence procedures for experts to serve their long-term investment in the country.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
DONG THAP PROVINCE STEPS UP INDUSTRIAL EXPANSION AND INFRASTRUCTURE CONNECTIVITY
Accelerating public investment, strengthening inter-regional connectivity, and expanding industrial land are helping Dong Thap efficiently bolster competitiveness and drive economic growth. Following the 2025 merger of the former Dong Thap and Tien Giang provinces, the expanded Dong Thap province in the Mekong Delta faces mounting pressure to accelerate infrastructure development and strengthen connectivity among local economic zones, urban areas, industrial parks (IPs), and production centres.
PROPERTY / INDUSTRIAL ZONE
HCM CITY ATTRACTS US$5.7 BILLION INTO EXPORT PROCESSING AND INDUSTRIAL ZONES
HCM City attracted US$5.7 billion in domestic and foreign investment into its export processing and industrial zones during the first nine months of 2026. The figure exceeded the city's full-year target by 31 per cent, highlighting strong momentum in high-quality industrial investment under Resolution No.10-NQ/TW. Total investment reached 131 per cent of the 2026 target of $4.25 billion and represented a 29 per cent increase compared with the same period in 2025, according to the city's Export Processing and Industrial Zones Authority (HEPZA).
BANKING / FINANCE / INSURANCE / TAX
REMITTANCES TO HCM CITY RISE NEARLY 40% IN Q3
Remittances to HCM City reached more than US$2.83 billion in the third quarter of this year, up 39.5 per cent from the previous quarter and 3.6 per cent year-on-year. This was the first quarter showing positive annual growth this year, helping narrow the decline in remittance inflows over the first nine months. According to the State Bank of Vietnam (SBV)’s Regional Branch 2, remittances transferred to HCM City through credit institutions and economic organisations totalled $2.835 billion in Q3, an increase of more than $802 million from the previous quarter.
VIETNAM ECONOMY INVESTMENT
LOCALITIES REPORT BREAKTHROUGH RESULTS IN FDI IN FIRST NINE MONTHS
In Ho Chi Minh City, total registered capital reached $17.2 billion in the first nine months, up 4.2 times from the same period last year. The figure included more than $9.35 billion in newly registered capital and over $4.9 billion in additional capital for existing projects. Foreign investors also registered more than $2.9 billion through capital contributions and share purchases.
TECHNOLOGY
TECH SECTOR GROWTH OPENS UP OPPORTUNITIES FOR VIỆT NAM TO GO GLOBAL
The growth of the electronics, semiconductor and high-tech sectors worldwide is opening up a variety of opportunities for Vietnamese enterprises to integrate more deeply into the global supply chain. However, to become suppliers for these corporations, domestic enterprises must meet rigorous standards regarding quality, technology, productivity and order fulfilment capabilities.
Events Sponsors
