Southeast Asia Information Port (www.dnyxxg.com) – Vietnam has set a target of 8% export growth, reaching approximately US$513 billion, by 2026. To achieve this goal, key industries and enterprises are actively expanding market coverage and increasing product added value.
It is understood that achieving this target faces numerous challenges, primarily including increasing obstacles such as technical barriers, reciprocal tariffs from the United States, and the EU's Carbon Border Adjustment Mechanism (CBAM). Against this backdrop, Vietnam's major export industries have proactively accelerated structural adjustments since the beginning of the year to seize market opportunities.
The textile and garment industry, building on exports of US$46 billion in 2025, has set a target of exceeding US$50 billion in 2026. The industry will focus on enhancing domestic supply chain capabilities, increasing domestic production rates, effectively utilizing free trade agreements (FTAs), and improving its position in the global value chain. Vietnam has designated 2026 as a crucial year for its agricultural sector, targeting exports of US$73-74 billion, an increase of nearly US$4 billion compared to 2025. The focus will be on standardizing raw material production areas, strictly enforcing GAP (Good Agricultural Practices) standards, strengthening product traceability, and increasing investment in deep processing and preservation technologies.
Industry experts and officials indicate that Vietnam's exports still have room for growth, relying on pillar industries such as electronics, machinery, and agricultural and aquatic products. Vietnam is gradually becoming an important supply node in the global value chain, and the recovery of consumer and investment demand in major markets, along with the existing trade agreement system, creates favorable conditions for export expansion. Furthermore, Vietnam needs to shift its export structure from "price competition" to a brand-oriented, high-standard, high-tech, and high-value-added approach, further exploring the potential of trade agreements and emerging markets.
Currently, Vietnam has signed 17 free trade agreements, covering nearly 70 economies and nearly 6 billion consumers, injecting momentum into medium-term export growth. MB Securities predicts that, thanks to market expansion and product structure transformation, Vietnam's export growth rate is expected to reach 15%-16% in 2026, with the electronics and high-tech industries growing by approximately 14%. Meanwhile, Vietnam's average tariffs on exports to the US are lower than those of most competing countries, its market share in the EU, Japan, and South Korea continues to increase, and it is advancing free trade agreement negotiations with countries such as the UAE and Israel, laying the foundation for enterprises to expand their markets.
It is understood that the Vietnamese government has also set a target of achieving a GDP growth rate of over 10% by 2026, with exports continuing to play a key supporting role. Various ministries will proactively respond to global economic and trade fluctuations and reshape traditional growth drivers. (End)
