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Textiles
Vietnam needs to do more to maintain H22026 export momentum: Experts
11 Jul '26
2 min read
Pic: Dong Nhat Huy / Shutterstock.com
Insights
Vietnam needs more efforts to maintain export growth momentum in H22026 as despite encouraging performance, exports heavily depend on limited markets and product groups, while many export items reply on imported raw materials, experts say.
Subdued consumption in major markets, falling commodity prices, growing trade barriers and high global interest rates would continue to weigh on export performance.
Vietnam needs more efforts to maintain export growth momentum in the second half (H2) this year as despite encouraging performance, exports heavily depend on limited markets and product groups, while the domestic value added of many export products remains relatively low due to their reliance on imported raw materials and components, experts say.
Though the country’s textile-garment sector maintained solid growth, with export turnover approaching $19 billion in H12026, businesses face higher input, logistics and compliance costs, while competition globally is increasingly centred on supply chain transparency, fast delivery and compliance with environmental, social and governance (ESG) standards rather than low labour costs.
The textile-garment industry's dependence on imported raw materials, which account for 60-70 per cent of total inputs, continues to limit its ability to fully benefit from various free trade agreements (FTAs),
Truong Van Cam, vice chairman and general secretary of the Vietnam Textile and Apparel Association (VITAS)
, was cited as saying by a domestic media outlet.
Vietnam needs more efforts to maintain export growth momentum in H22026 as despite encouraging performance, exports heavily depend on limited markets and product groups,
