## Company Profile KL EXPRESS CORP — freight forwarder based in Vietnam (TCA member). Likely a small‑to‑mid sized NVOCC/freight forwarder offering sea and air freight, customs clearance, door‑to‑door logistics and consolidation services for exporters in Vietnam. As a Vietnam forwarder they serve exporters across electronics, textiles/garment, coffee, seafood and rice segments and likely manage regional export bookings, documentation and buyer deliveries. (Source: TCA member listing cited in lead memo.) ## Pain Points 1) Immediate freight & transit pain: Red Sea disruptions in 2026 are raising Asia–Europe freight rates and adding 10–14 days to Vietnam–Europe transit times. Exporter clients (electronics, apparel, seafood, coffee) face higher costs, delayed deliveries and pressure to switch to air/sea‑air or larger inventory buffers. 2) Demand/sourcing opportunity but lacking buyer access: Nearshoring (China‑plus‑one) is increasing export volumes in electronics and textiles, but many Vietnamese exporters and SMEs lack direct access to verified buyers and export channels—creating an origination opportunity for KL EXPRESS to refer clients. 3) Compliance & market access complexity for agro‑exports: Coffee (EUDR advantages), seafood (IUU/yellow‑card constraints), and other agro products face rising traceability and certification requirements that complicate cross‑border sales and buyer onboarding. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. COMMODITY TRENDS – VIETNAM EXPORTS (ELECTRONICS, SEAFOOD, COFFEE, RICE, TEXTILES), 2025 PERFORMANCE & 2026 OUTLOOK === Below focuses on what is visible as of early–mid 2026; 2026 numbers are forecasts/early‑year signals unless stated as YTD. **Overall export structure & growth** - Electronics/electrical machinery remain Vietnam’s largest export category, followed by machinery, textiles/garments, and footwear; agro‑foods (coffee, rice, seafood) are smaller in value but strategically important. A recent customs‑based review of 2025 data shows electrical machinery, machinery and textiles among the fastest‑growing export groups, with electrical machinery exports alone up about **US$10.8 bn** versus the prior year. ([volza.com](https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai)) - KPMG’s 2026 outlook notes that **electronics and computers maintained their position as Vietnam’s top export category**, driven by continued FDI from large tech groups (Samsung, LG, Apple supply chains); textiles remained one of the leading sectors with **>US$44 bn** export revenue in 2024. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) --- #### Electronics / Electrical machinery & equipment - Customs‑based 2025 analysis shows **electrical machinery** as the **fastest‑growing** export group by absolute value, contributing **US$10.82 bn** of incremental exports year‑on‑year; “machinery and mechanical appliances” added another **US$8.73 bn**. ([volza.com](https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai)) - KPMG expects electronics/computers to stay the **No. 1 export category in 2026**, supported by continued FDI from large tech groups (Samsung, LG, Apple contractors). ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - Near‑term 2026 risk factors: - Red Sea detours keeping Asia‑Europe freight rates elevated (see Section 2) – negative for cost, but not fundamentally demand‑destructive. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) - Ongoing US–China trade tensions and incremental US tariffs on Chinese electronics, which continue to push more assembly/finishing into Vietnam (see Section 3 for buyer diversification). **Implication for 2026:** electronics export growth is expected to **outpace overall export growth**, with Vietnam solidifying its role as an alternative to China in mid‑ to high‑volume electronics assembly. --- #### Textiles and garments - Vietnam’s textile and garment exports were around **US$46 bn in 2024** (government/industry data), and roughly **US$46 bn–46.5 bn in 2025**, up ~5% YoY. ([vietnam.incorp.asia](https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai)) - Vietnam Briefing and InCorp Vietnam report 2025 export value at roughly **US$46 bn** and **project ~US$48 bn by end‑2026**, implying **~4–5% nominal growth**. ([vietnam.incorp.asia](https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai)) - A recent article citing Evalliance notes Vietnam exported **nearly €40 bn of clothing in 2025**, with **40% to the US and 15% to the EU**; exports jumped **~12%** in 2025 and Vietnam became the **top clothing supplier to the US**, overtaking China. Sector growth in **2026 is expected at about 6%**. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai)) - The Vietnam Trade Office in Singapore (April/May 2026) confirms: - 2025 textile & garment exports expected at **US$46 bn**, **~5%** above 2024. - Continued emphasis on green standards and traceability to maintain EU access. ([vntradesg.org](https://vntradesg.org/en/raising-green-standards-vietnams-textile-and-garment-industry-remains-a-key-export-sector/?utm_source=openai)) **Implication for 2026:** modest but steady expansion driven by trade diversion from China, FTAs (CPTPP, EVFTA, UKVFTA), and buyers’ China‑plus‑one sourcing, combined with growing sustainability requirements. --- #### Coffee - Official and industry statistics show **2025 was Vietnam’s most successful coffee export year in history**: - Export value reached about **US$8.9 bn**, an all‑time record; volumes and prices both increased. ([baonghean.vn](https://baonghean.vn/en/xuat-khau-ca-phe-viet-nam-dat-ky-luc-89-ty-usd-thach-thuc-tu-rao-can-san-pham-tho-10323507.html?utm_source=openai)) - StoneX reports coffee exports in 2025 grew **nearly 18%** in value, while Vietnam consolidated its position as the world’s **second‑largest coffee exporter**. ([stonex.com](https://www.stonex.com/en/insights/vietnam-sees-nearly-18pct-jump-in-coffee-exports/?utm_source=openai)) - In **January 2026**, coffee export turnover reached around **US$1.08 bn**, up **48% YoY**, indicating continued high prices and strong demand going into 2026. ([vnbis.com](https://vnbis.com/news/vietnam-breaks-its-own-coffee-export-record-349/?utm_source=openai)) - The government reports **~731,900 ha** under coffee cultivation in 2025, with **traceability systems across 137,000 ha** (targeting ~462,000 ha), allowing the EU to classify Vietnam as a **“low‑risk” EUDR country**, which should support continued EU demand despite stricter deforestation rules. ([stonex.com](https://www.stonex.com/en/insights/vietnam-sees-nearly-18pct-jump-in-coffee-exports/?utm_source=openai)) **Implication for 2026:** - Export value is likely to **remain elevated** versus pre‑2024 levels, with upside tied to robustica prices and specialty/traceable arabica niches. - Regulatory positioning (EUDR “low‑risk”) is a **competitive advantage** versus some Latin American and African producers. --- #### Rice - Customs‑based 2025 analysis places rice at about **3.6% of Vietnam’s total export value** and among the top‑10 products, though well below electronics and textiles in share. ([volza.com](https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai)) - (Most detailed 2025 tonnage/price data sits in Vietnamese‑language trade reports; broadly, 2025 exports stayed in the **7–8 million t** range with elevated prices on tight global supply – figures consistent with USDA/industry reporting, though not explicitly cited in the recent 90‑day window.) - 2026 outlook factors: - Persistent El Niño / climate risk in competing origins (Thailand, India) - India’s ongoing restrictions on non‑basmati exports (supportive for Vietnamese export prices) **Implication for 2026:** value growth likely more price‑ than volume‑driven; Vietnam remains a **top‑3 global rice exporter**, with policy focus on food security and quality upgrading. --- #### Seafood - Vietnam Briefing’s early‑2026 seafood review notes: - 2025 saw a **recovery from 2023–24 lows**, aided by strong Chinese demand, especially for **live high‑value species (lobster)** into China and Hong Kong via hospitality/food service. ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) - Seafood exports continue to be constrained in the EU market by the ongoing **“yellow card” IUU fishing warning**, which restricts some wild‑caught categories (tuna, swordfish, grouper, etc.) and elevates compliance costs. ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) - Farmed shrimp and pangasius (tra) remain core export pillars; 2026 demand outlook is positive into China and North America but margins are sensitive to feed costs and freight. **Implication for 2026:** moderate growth with **portfolio shift toward farmed and higher‑value species**; EU remains structurally weaker than China/US/Asia‑Pacific until the IUU issue is resolved. **Implication for 2026:** - **Electronics & machinery:** Fastest‑growing and structurally dominant export category, driven by FDI and China‑plus‑one; 2026 expansion expected to outpace aggregate export growth. ([volza.com](https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai)) - **Textiles & garments:** Solid, mid‑single‑digit 2026 growth (4–6%) riding trade diversion from China, US/EU FTAs, with strong US dependence and rising sustainability requirements. ([vietnam.incorp.asia](https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai)) - **Coffee:** Record 2025 (US$8.9 bn) and very strong Jan‑2026 (US$1.08 bn; +48% YoY), plus favorable EU “low‑risk” status under EUDR; 2026 likely to remain near record value even if global prices soften. ([baonghean.vn](https://baonghean.vn/en/xuat-khau-ca-phe-viet-nam-dat-ky-luc-89-ty-usd-thach-thuc-tu-rao-can-san-pham-tho-10323507.html?utm_source=openai)) - **Rice:** ~3.6% of exports by value; 2026 shaped by global supply tightness and India’s export policy; Vietnam continues as a core supplier to ASEAN and Africa. ([volza.com](https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai)) - **Seafood:** Recovery trajectory with strong China/HK demand for premium/live species; continued EU headwinds from IUU “yellow card.” ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) --- === 2. MARKET EVENTS – RED SEA / GULF OF ADEN SHIPPING DISRUPTIONS, IMPACT ON ASIA–EUROPE ROUTES & FREIGHT RATES IN 2026 === **Status of Red Sea / Gulf of Aden situation as of 2026** - **Houthi attacks on commercial vessels** in the Red Sea/Gulf of Aden started in **late 2023** and continued through 2024–2026, disrupting a corridor that normally handles **12–15% of global trade and about 30% of Asia–Europe container traffic**. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - Some carriers (e.g., Maersk) temporarily resumed Suez transits in **January 2026**, but subsequent escalation around the **2026 Iran war in March 2026** brought renewed threats to close Bab‑el‑Mandeb and pushed most mainline carriers back to Cape‑of‑Good‑Hope routings for safety and insurance reasons. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Houthi_attacks_on_commercial_vessels?utm_source=openai)) --- #### Impact on Asia–Europe and Asia–US East Coast container routing - Analysts note that **Asia–Europe, Asia–Mediterranean and Asia–US East Coast trades** have been forced into **lengthy diversions around the Cape of Good Hope**, adding roughly **10–14 days** to typical Vietnam–Europe round‑trip schedules and soaking up vessel capacity. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) - The diversions have effectively created a **capacity tightening** equivalent to several percent of global container supply, despite a nominal oversupply of ships from post‑COVID ordering. This prevents rates from falling back to pre‑crisis levels. ([shippingrates.org](https://shippingrates.org/blog/red-sea-crisis-freight-rates-2026?utm_source=openai)) --- #### Freight rate levels and dynamics in 2026 - Pre‑crisis models (S&P Global) had projected that, **absent the Red Sea disruptions**, 2026 Asia–Europe benchmark rates would drop **30–35% vs 2025**, toward a band of roughly **US$1,200–1,500/FEU**. ([shippingrates.org](https://shippingrates.org/blog/red-sea-crisis-freight-rates-2026?utm_source=openai)) - Because of persistent diversions: - Actual 2026 contract and spot rates are **holding significantly above** those modelled levels, with many Asia–North Europe lanes trading well over **US$2,000/FEU** (level varies by shipper, timing, surcharges). - Surcharges specifically linked to the crisis include **“Red Sea contingency” or “war risk” premiums** plus higher bunker adjustment factors (BAFs). ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - A 2026 logistics advisory notes that **time‑critical & high‑value cargo (auto, medical, electronics)** has increasingly shifted to **air freight or sea‑air via Gulf hubs (e.g., Dubai)**, often paying **3–6× ocean rates but saving 25–35 days transit time** versus fully rerouted sea. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) --- #### Strategic implications for Vietnamese exporters (electronics, textiles, food) - **Longer lead times & inventory buffers** - Vietnam–EU and Vietnam–US East Coast flows for electronics, apparel, seafood and coffee now require **2–3 extra weeks** of transit via the Cape, forcing buyers to **increase safety stocks** and lock‑in capacity earlier. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) - **Cost pass‑through & margin pressure** - For low‑margin segments (basic apparel, bulk seafood, rice), higher freight can erode exporter margins where buyers resist price increases; more sophisticated or branded products have higher ability to pass through logistics cost. - **Modal shifts** - High‑value electronics components and fashion/footwear for time‑sensitive seasons increasingly use **air or sea‑air combinations**, particularly into Europe, to mitigate schedule unreliability; this raises landed cost but avoids stockouts. ([suaidglobal.com](https://suaidglobal.com/insights/red-sea-shipping-crisis-2026/?utm_source=openai)) - **No clear resolution timeline in 2026** - Recent analyses emphasize there is **“no credible 2026 timeline”** for full reopening of the Red Sea corridor; hence the **Cape‑of‑Good‑Hope diversion remains the dominant rate‑forming factor** through at least late‑2026. ([shippingrates.org](https://shippingrates.org/blog/red-sea-crisis-freight-rates-2026?utm_source=openai)) **Net effect for 2026:** - Asia–Europe and Asia–US East Coast freight markets remain **tighter and more expensive than underlying ship supply would suggest**. - Vietnamese exporters must plan around **structurally higher transit times and elevated freight into Europe** for the rest of 2026, particularly affecting **electronics (time‑sensitive), textile/garment (seasonal), coffee/seafood (quality‑sensitive)**. **Sources:** ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) --- === 3. DEMAND SIGNALS – NEARSHORING & BUYER DIVERSIFICATION TO ASEAN/VIETNAM (ELECTRONICS, TEXTILES, FOOD) IN 2026 === **Macro driver: “China‑plus‑one”, nearshoring/friend‑shoring** - Multiple 2025–26 strategy and outlook reports (KPMG, industry press) highlight that Western and Japanese buyers in **electronics, garments, and some food categories** are reallocating production away from China toward **ASEAN – especially Vietnam, Indonesia, and Thailand** – to reduce geopolitical, tariff, and supply‑chain risk. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - KPMG’s Vietnam 2026 Outlook explicitly notes: - **Electronics & computers** and **textiles** as top beneficiaries of FDI and export growth, underpinned by production relocation from China. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) --- #### Electronics and electricals – buyer diversification into Vietnam Key signals visible in 2025–26: - **OEM/EMS relocation:** Large multinationals (Samsung, LG, Apple suppliers such as Foxconn and Luxshare) have expanded or announced new investments in Vietnam’s northern provinces as part of diversification away from China; KPMG highlights these as **core drivers of electronics export growth**. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - **US & EU buyers:** Continued trade friction and tariff risk on Chinese electronics encourage US/EU retailers and brands to expand sourcing footprints in Vietnam and broader ASEAN. While much of this is not yet visible as published contract volumes, the macro signal is a **steady increase in Vietnam’s share of US/EU imports of phones, PCs, and accessories** (trend documented in 2023‑24 trade data and referenced in 2026 outlooks). ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - **Logistics hedging:** Some electronics buyers are exploring **dual‑routing strategies** (e.g., some volume via Vietnam–US West Coast / Panama, some via Vietnam–Europe air or sea‑air) to avoid over‑reliance on the Suez route, in light of Red Sea risks described earlier. ([spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai)) **Implication:** Demand signals for Vietnamese electronics exports in 2026 are **structurally positive**, with buyers shifting BOM assembly and final assembly to Vietnam despite temporary freight headwinds. --- #### Textiles/garments and footwear – share gains from China & Bangladesh - A 2026 analysis notes Vietnam exported **nearly €40 bn of clothing in 2025**, with exports **up 12%**, making the country the **leading supplier of clothing to the US**, surpassing China. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai)) - Around **40% of Vietnam’s clothing exports go to the US and 15% to the EU**, indicating significant buyer concentration but also strong preference from Western brands seeking to **avoid high US tariffs on Chinese apparel (25–50% on many categories)**. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai)) - The Vietnam Trade Office in Singapore and InCorp Vietnam both describe textiles/garments as: - A **key export sector** with **US$46 bn exports in 2025**, projected to **~US$48 bn in 2026**; - A central target of **green upgrading** and **sourcing events** (e.g., Vietnam International Sourcing 2026 in HCMC), created to connect Vietnamese exporters to global apparel and accessories buyers. ([vntradesg.org](https://vntradesg.org/en/raising-green-standards-vietnams-textile-and-garment-industry-remains-a-key-export-sector/?utm_source=openai)) - Bangladesh’s political and economic crisis since 2024 is cited as a reason why some brands have **shifted orders from Bangladesh to Vietnam**, despite higher wages, to secure more stable and compliant supply. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai)) **Demand signal (2026):** - Global brands (US, EU, Japan, Korea) are **increasing their long‑term sourcing commitments to Vietnam** for apparel, footwear and accessories, with 2026 sector growth expected around **6%**. ([lemonde.fr](https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai)) --- #### Food & agro (coffee, seafood, rice) – diversification and compliance‑driven sourcing **Coffee** - Strong 2025–26 demand from **EU, US and Germany in particular**: 2025 marked the first full year where Vietnam’s coffee exports to Germany alone exceeded **US$1 bn**. ([vnbis.com](https://vnbis.com/news/vietnam-breaks-its-own-coffee-export-record-349/?utm_source=openai)) - With Vietnam classified as **“low‑risk” under the EU Deforestation Regulation (EUDR)**, EU roasters and traders have a structural incentive to **increase sourcing from Vietnam** versus higher‑risk origins once EUDR is fully enforced. ([stonex.com](https://www.stonex.com/en/insights/vietnam-sees-nearly-18pct-jump-in-coffee-exports/?utm_source=openai)) **Seafood** - Vietnam Briefing’s 2026 seafood outlook notes growing **demand from China and Hong Kong** for **live high‑value products (e.g., lobster)**, plus continued opportunities for farmed shrimp and pangasius into the US and EU (subject to IUU/yellow‑card constraints). ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) - US and EU buyers increasingly demand **traceability and sustainability certifications**, which tends to **favor larger, more compliant Vietnamese processors** over smaller regional competitors, reinforcing Vietnam’s position as a preferred ASEAN seafood hub. **Rice** - Although not as prominently covered in the last 90 days, structural demand from **Philippines, Indonesia, and African markets** remains strong, especially given supply constraints and trade restrictions in India; some importers are intentionally **diversifying suppliers toward Vietnam and Thailand** to reduce dependence on India. (Inference based on 2024–25 policy changes and maintained into early 2026.) --- #### Nearshoring vs “ally‑shoring” to ASEAN – implications for Vietnamese exporters - **Nearshoring to Mexico/Eastern Europe** is primarily relevant for US/EU regional supply; however, **ally‑shoring/friend‑shoring to ASEAN** is the key vector benefiting Vietnam. KPMG and other 2026 outlooks point to Vietnam as: - One of the **top three FDI destinations in ASEAN**; - A primary node in **“China‑plus‑one” strategies for electronics and apparel**; - A regional production hub from which goods are shipped to the US/EU, despite current Red Sea headwinds. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - Trade promotion events (e.g., **Vietnam International Sourcing 2026**, planned for 3–5 September 2026 in HCMC) are explicitly framed by the Ministry of Industry and Trade as mechanisms to **match Vietnamese exporters (food, textiles, consumer goods) with diversified global buyers**, reinforcing institutional support for demand diversification. ([vntradesg.org](https://vntradesg.org/en/raising-green-standards-vietnams-textile-and-garment-industry-remains-a-key-export-sector/?utm_source=openai)) **Net demand signal for 2026:** - **Electronics:** Strong positive; OEMs and large buyers continue to ramp Vietnam capacity; risk lies more in logistics and power infrastructure than in demand. ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) - **Textiles/garments:** Clear positive; Vietnam is consolidating its role as a core sourcing base for US/EU brands pivoting from China and, to some extent, Bangladesh; 2026 growth guided around **4–6%** with upside if global consumption recovers faster. ([vietnam.incorp.asia](https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai)) - **Food/agro (coffee, seafood, rice):** - Coffee: strong structural pull from EU (EUDR‑compliant supply) and continued high prices; - Seafood: healthy demand from China and premium markets; EU recovery contingent on IUU card resolution; - Rice: steady institutional demand from food‑importing countries seeking diversified suppliers. ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) **Sources:** ([assets.kpmg.com](https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai)) Sources: • Top Export Products of Vietnam - Volza https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai • Vietnam 2026 Outlook https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai • Top Export Products of Vietnam - Volza https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai • Vietnam 2026 Outlook https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai • TPM26: War a problem for container shipping, but not ‘pandemic-scale’: analyst | S&P Global https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/middle-east-war-impacts-container-shipping?utm_source=openai • Vietnam’s Textile and Garment Industry: Growth Outlook 2026 | InCorp Vietnam https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai • Vietnam’s Textile and Garment Industry: Growth Outlook 2026 | InCorp Vietnam https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai • How Vietnam's garment factories benefited from Trump's trade policy https://www.lemonde.fr/en/economy/article/2026/04/28/how-vietnam-s-garment-factories-benefited-from-trump-s-trade-policy_6752939_19.html?utm_source=openai • Raising Green Standards: Vietnam’s Textile and Garment Industry Remains a Key Export Sector | Vietnam Trade Office in Singapore https://vntradesg.org/en/raising-green-standards-vietnams-textile-and-garment-industry-remains-a-key-export-sector/?utm_source=openai • Vietnam's coffee exports reach a record $8.9 billion: Challenges from raw product barriers. https://baonghean.vn/en/xuat-khau-ca-phe-viet-nam-dat-ky-luc-89-ty-usd-thach-thuc-tu-rao-can-san-pham-tho-10323507.html?utm_source=openai • Vietnam Sees Nearly 18% Jump in Coffee Exports https://www.stonex.com/en/insights/vietnam-sees-nearly-18pct-jump-in-coffee-exports/?utm_source=openai • Vietnam Breaks Its Own Coffee Export Record - VNBIS https://vnbis.com/news/vietnam-breaks-its-own-coffee-export-record-349/?utm_source=openai • Vietnam Sees Nearly 18% Jump in Coffee Exports https://www.stonex.com/en/insights/vietnam-sees-nearly-18pct-jump-in-coffee-exports/?utm_source=openai • Top Export Products of Vietnam - Volza https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai • Vietnam’s Seafood Exports: Growth Drivers, Market Shifts, and Outlook https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai • Vietnam’s Seafood Exports: Growth Drivers, Market Shifts, and Outlook https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai • Top Export Products of Vietnam - Volza https://www.volza.com/global-trade-data/vietnam-export-trade-data/top-import-products-of-vietnam/?utm_source=openai • Vietnam’s Textile and Garment Industry: Growth Outlook 2026 | InCorp Vietnam https://vietnam.incorp.asia/vietnam-textile-and-garment-industry/?utm_source=openai • Vietnam’s Seafood Exports: Growth Drivers, Market Shifts, and Outlook https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai • Vietnam 2026 Outlook https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai • Raising Green Standards: Vietnam’s Textile and Garment Industry Remains a Key Export Sector | Vietnam Trade Office in Singapore https://vntradesg.org/en/raising-green-standards-vietnams-textile-and-garment-industry-remains-a-key-export-sector/?utm_source=openai • Vietnam 2026 Outlook https://assets.kpmg.com/content/dam/kpmg/vn/pdf/2025/10/vietnam-2026-outlook.pdf?utm_source=openai