Sector Insight

1. Vietnam’s Import and Export Situation in Q1/2026

In Q1/2026, Vietnam’s total import and export turnover reached US$249.5 billion, a 23.0% increase compared to the same period last year. Export turnover increased by 19.1%, while imports surged by 27.0%. The trade balance shifted to a trade deficit of approximately US$3.6 billion, reflecting the increasing trend of importing raw materials and input goods by businesses to proactively stockpile against supply chain disruptions and global energy price fluctuations. 

2. Outlook for 2H2026 and Opportunities

Given the volatile demand in key export markets and increasing competitive pressure, export growth will depend more on competitors’ ability to expand market share rather than an increase in overall market demand. We believe that shifting the strategic focus from volume-driven growth to value enhancement will be pivotal in enabling Vietnam's key export sectors — including textiles & garments and seafood — to sustain long-term growth momentum while reinforcing their competitive positioning in international markets.

3. Investment Opportunities in Import-Export Stocks

GMD, HAH, VHC, FMC, ANV, TNG, MSH