Vietnam’s Ministry of Industry and Trade (MoIT) is actively pursuing trade negotiations and partnerships with potential allies, such as the UAE and MERCOSUR. The ministry aims to broaden its export horizons by entering into new Free Trade Agreements (FTAs).

To strengthen exports to the US market, the ministry is focusing on better communication about trade defense laws and investigations. This involves engaging with the business community, industry associations, relevant organizations, and individuals. The ministry observes that many multinational corporations in Vietnam are relocating their supply chains closer to consumer markets, establishing production units in countries like India, Mexico, and Brazil.

Despite the return of orders, the Vietnamese market remains relatively quiet, says Vu Duc Giang, Chairman of the Vietnam Textile and Garment Association (VITAS). Giang points out that numerous global buyers are now opting to order designs instead of providing samples to Vietnamese businesses, a departure from previous practices.

Giang also draws attention to the sustainability challenge faced by the textile and apparel industry in Vietnam