Fashion
Vietnam’s PM order outlines steps to boost exports, diversify markets
The country’s total trade revenue this year till September 15 was estimated at $673.21 billion—up by 17.2 per cent year on year (YoY), with exports climbing by 15.8 per cent YoY to $325.26 billion and imports rising by 18.8 per cent to $311.95 billion.
Vietnam’s PM has issued an order outlining steps to boost exports and diversify markets.
The Industry and Trade Ministry will lead efforts to monitor market conditions and trade policies of partner countries.
Major trade promotion programmes will also be launched in key markets.
Local authorities are instructed to attract large-scale projects by MNCs with global value chain participation capabilities.
The Prime Minister cautioned that despite these gains, global uncertainties, including strategic competition, conflicts and US reciprocal tariffs, pose significant risks for Vietnam’s exports.
The Industry and Trade Ministry will spearhead efforts to monitor market conditions and trade policies of partner countries, implementing flexible and timely solutions to boost exports, while addressing emerging challenges, a domestic news outlet reported.
The ministry will focus on capitalising on existing free trade agreements (FTAs) while working to sign new ones to tap such potential markets as the Middle East, Africa, Latin America, Central Asia, Eastern Europe, India, Pakistan and Brazil as well as the Mercosur and the Gulf Cooperation Council.
Major trade promotion programmes will also be launched in key markets, including the United States, the European Union, China, Japan, South Korea, the Association of Southeast Asian Nations (ASEAN), and India, while efforts to expand e-commerce and digital trade must be intensified.
Other solutions in the directive include refining mechanisms and policies to create a transparent investment environment, controlling product quality during customs clearance process, preventing imports of low-quality goods, intellectual property violations and origin fraud, strengthening economic diplomacy, and upgrading transport and logistics infrastructure.
The State Bank of Vietnam has been tasked with managing exchange rates flexibly and developing mechanisms to strengthen monetary and banking linkages in line with global commitments and legal frameworks.
Local authorities are instructed to attract large-scale projects by multinational corporations with global value chain participation capabilities. Besides, they must improve information-sharing with producers and packaging facilities to prevent congestion in cross-border agricultural trade.
The directive asks exporters to promote investment in science and technology, diversify supply chains, build stronger brands and target niche markets.
Fibre2Fashion News Desk (DS)
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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