January Vietnam economic macro indicators continued to show clearer signs of improvement, particularly in manufacturing and exports. However, underlying risks and the delayed recovery of the domestic private sector (DDI), consumption, and the interest rate environment warrant close monitoring.

2025: Exports of textiles, garments, and footwear reached a new record of nearly USD 76 billion; however, growth was highly polarized across product segments, markets, and enterprise groups. Growth was primarily driven by apparel, footwear, and handbags, while the fiber segment faced price pressure, resulting in a decline in export value.

Global fertilizer prices surged during the first eight months of 2025 before correcting from mid-August, driven by China’s relaxation of export restrictions and the delayed pass-through of declining input gas prices into market prices. Industry earnings recorded solid growth in 2025, supported by resilient consumption and margin expansion over the first three quarters.

Domestic consumption continued to serve as the primary growth engine, offsetting a sharp contraction in exports. Steel prices remained depressed for most of the year and only showed a more visible recovery from late Q3, particularly in December.

Here is the list of 12 fisheries that the U.S. National Oceanic and Atmospheric Administration (NOAA) determined do not have regulatory programs comparable in effectiveness to the U.S. Marine Mammal Protection Act (MMPA) standards — meaning they were not recognized as equivalent under the MMPA’s comparability finding and are subject to import restrictions into the United States from January 1, 2026: Fishery ID 2932 – Grouper caught with gillnets and bottom trawls. Fishery ID

In 2025, Viet Nam’s economy reached a cyclical peak, with GDP growth accelerating to 8.02%—one of the highest rates recorded in nearly three decades—despite a backdrop of weakening global growth and heightened uncertainty. Growth momentum was broadly based across all three pillars of aggregate demand, underpinned by accommodative monetary conditions, early credit expansion, a renewed leadership role of public investment, and record-high disbursement of FDI inflows.

The year 2025 unfolds amid a global economic landscape characterized by protracted subdued growth, interspersed with fragile signals of stability and increasingly evident structural risks.

HIGHLIGHTS Global shrimp production to rise in 2026 US buyers likely to diversify suppliers amid tariffs on Indian shrimp Government stimulus to boost shrimp demand in China EU demand outlook firm, shifting toward value-added formats Global shrimp markets are likely to see mixed trends in 2026, shaped by trade dynamics and regional production shifts. Ecuador is expected to maintain strong export growth, supported by resilient output and recovering demand from China, while Ind

Current Domestic Economic Conditions The domestic economy continues to show some positive results. Industrial production is expanding, and manufacturing activity remains in an expansionary phase. However, these improvements seem largely seasonal. They heavily rely on domestic demand, while external conditions are deteriorating rapidly. Export weakness is now synchronized across key markets. Shipments to the United States have declined for the fourth consecutive month due to t

From the beginning of Q3 to date, growth in Vietnam’s wood and wood products industry has moderated compared with the first half of the year, reflecting the combined impact of U.S. tariff measures and softening demand in several key export markets. On a cumulative basis over the first ten months of 2025, total industry exports exceeded USD 14 billion (+6% YoY). Wood products accounted for more than 68% of total export value, growing +5.2% YoY. Strong-performing product segmen

Overall assessment of sector performance Sector earnings began to decelerate from late Q3 as both sales volume and selling prices weakened simultaneously, while surging gas prices continued to pressure profit margins. Domestic Market Conditions : Fertilizer consumption remained subdued as large areas of rice and crop farmland — along with sowing activities across multiple northern and central provinces — suffered extensive damage following recent storms. In October, subdued e

In October 2025, export turnover contracted sharply (-26% YoY and -44% MoM) as both export volume and average export prices weakened simultaneously. The average export price declined by nearly 11% compared with the previous month, in line with global price movements. Export volumes, after flattening in September, fell significantly in October, down -37% MoM and -31% YoY. The decline was broad-based across most markets — including traditionally resilient destinations such as C