Solid plans enhance resilience to global disruptions

Sector-wise, export-oriented manufacturing is most vulnerable.

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The electronics sector, which relies on tightly synchronised, cross-border supply chains and just-in-time inputs, is particularly exposed to shipping rerouting, elevated freight costs, and longer delivery times. Similarly, the garment and footwear industry, with thin margins and high reliance on imported materials, could face margin compression and cash flow strains if logistics disruptions persist.

Spillovers would extend to logistics and transportation, including ports, shipping, and airlines, as higher fuel costs, route disruptions, and weaker trade volumes increase operating costs and reduce profitability. The tourism sector could also see softer demand due to higher airfares, longer flight routes, and reduced connectivity for travellers transiting through or originating from the Middle East.

Finally, higher import prices for construction materials, machinery, and energy inputs would weigh on construction and infrastructure, particularly as Vietnam scales up public investment. While these sectors are most directly affected, secondary spillovers to domestic services and employment could emerge over time.