Sector Insight

1. Vietnam’s import – export performance in 1H/2025

In 1H/2025, Vietnam's total import-export turnover reached USD 432.03 billion (+16.1%YoY). Several key export items such as textiles and garments, footwear, computers, electronic products and components,…, maintained double-digit growth rates. We believe that the upward momentum is strengthened by increased demand and the "front-loading" effect in tariff changes

2. Reciprocal tariff, Impacts and Opportunities

We believe a number of industries will be directly impacted by the new reciprocal tax, including textiles, seafood, wood products, and industrial parks,… However, the level of impact will vary significantly. Products that previously had relatively low import taxes into the US, such as electronic components, seafood, wood, and furniture, may face a steeper increase in tariffs.

In terms of tax correlation across countries, Vietnam's tax rate is comparable to its rivals. But with production costs that are 15-20% lower than in many other nations, we anticipate Vietnam will continue to hold a strong competitive edge both regionally and internationally

In the medium to long term, market diversification, the rise of localization and effectively leveraging trade agreements will be key to more sustainable growth in Vietnam's import and export sector.