Want to be in the loop?
subscribe to
our notification
Business News
GARMENTS, FOOTWEAR ON EXPORT HIGH
During the first five months, the industry gained a year-on-year increase of 8.4 per cent in export value to US$8.11 billion, including $1.65 billion recorded in May.
The export orders of textile and garment enterprises remained positive in the second quarter, with 62 per cent of total enterprises producing cloths marking an increase in export orders against the first quarter, the ministry noted.
The Viet Nam Textile and Apparel Association said from early this year until now, foreign investors had been promoting investments in the textile and garment sector in Viet Nam to exploit the business opportunities that have emerged following free trade agreements such as the TPP, Viet Nam-EU FTA, and Viet Nam-
South Korea FTA. According to the FTAs, Viet Nam's textile and garment sector will gain the most from many tariff lines reducing to zero.
The ministry pointed out that the leather and footwear industries also achieved a year-on-year increase of 24.8 per cent in output to 130.7 million pairs of footwear and of 19.5 per cent rise in the export value of footwear to $4.6 million.
The General Statistics Office reported that some 55.7 per cent of footwear enterprises recorded a surge in export orders for the second quarter.
According to the ministry, garment and footwear are two of the sectors that are expected to receive many advantages from the FTA in the future.
Source: VNS
Related News
VIETNAM ECONOMY INVESTMENT
AGRICULTURAL, FORESTRY AND FISHERY EXPORTS REACH NEARLY $49.3 BILLION AFTER EIGHT MONTHS
Asia remained Việt Nam’s largest export market, accounting for 45.5 per cent of total market share, with exports to the region increasing 11.3 per cent year on year. Việt Nam’s agricultural, forestry and fishery exports totaled nearly US$49.3 billion in the first eight months of this year, up 7 per cent year on year, maintaining growth momentum despite divergent trends among major product groups.
BANKING / FINANCE / INSURANCE / TAX
BANK DEPOSITS OVERTAKE CREDIT GROWTH IN LATE AUGUST
Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.
VIETNAM ECONOMY INVESTMENT
FOREIGN CAPITAL SEEKS STRONGER FOOTHOLD IN VIỆT NAM THROUGH M&A
Foreign investors carried out 1,815 capital contribution and share purchase transactions in Việt Nam in the first seven months of 2026, with total capital exceeding $6.5 billion. While the number of transactions fell 8.4 per cent year-on-year, their value rose 61.6 per cent. Rather than investing from scratch to build new production facilities, many foreign investors are choosing to acquire stakes in existing Vietnamese companies as a faster way to establish a foothold in the market.
GARMENT / TEXTILE
MANUFACTURING PRODUCTION RISES AT FASTEST PACE IN JUST OVER TWO YEARS
Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.
TECHNOLOGY
TECHNOLOGY, INNOVATION DRIVE CHEMICAL INDUSTRY TOWARDS HIGHER-VALUE GROWTH
Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.
VIETNAM ECONOMY INVESTMENT
FDI INFLOWS RISE 55.4 PER CENT ON YEAR
According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.
Events Sponsors
