The Ministry of Industry and Trade is determined to maintain export growth of 15–16% while sustaining a trade surplus of around 23 billion USD to make a significant contribution to achieving double-digit GDP growth in 2026 and beyond.
After a strong rebound in 2025, Vietnam’s textile and garment industry is entering 2026 with greater flexibility and a renewed strategic focus. The lessons learned over the past year have prepared the sector to cope with slower global growth, rising protectionism and increasingly shorter order cycles.
Despite global economic uncertainties, intensifying trade barriers and increasingly extreme climate impacts, agriculture and the environment sector remained a pillar of Vietnam’s economy and social stability in 2025.
As Vietnam eyes export growth target of at least 12%, contributing to realising the GDP expansion of 8.3-8.5% this year and double-digit, PM Chinh outlined key measures across multiple sectors.
Vietnam’s rice industry has the capacity to maintain export targets, but businesses need to actively expand markets and reduce dependence on a few major partners to build a more sustainable foundation for growth, said Nguyen Anh Son, Director of the Import-Export Department under the Ministry of Industry and Trade.
Chairman of the Vietnam Food Association Do Ha Nam expressed his confidence that with the robust results achieved in the seven-month span, Vietnam’s rice shipment will surpass 8 million tonnes this year.
This marked the first time Canada’s largest footwear and accessories exhibition hosted Vietnamese companies. This year event brought together 20 Vietnamese firms and hundreds of major Canadian industry players.
According to experts, US President Donald Trump’s recent signing of an order imposing tariffs on exports from Canada and Mexico, as well as increasing tariffs on products from China, is seen as the beginning of the tariff policies under the Trump administration. This also leaves the possibility of the US imposing tariffs on imports from other countries.
Vietnam's textile and garment industry has fulfilled its 44-billion-USD export turnover target in 2024, an increase of over 11% compared to 2023, thanks to efforts in market diversification, technological innovation, and effectively capitalising on the shift in orders.