The Vietnamese stock market opened on May 27 with positive momentum for textile and seafood stocks, building on the previous session’s gains. Several textile stocks witnessed significant surges, including HTG, which hit the ceiling price, VGG rose by 6.9%, TCM by 6.2%, and TNG by 6%.
Meanwhile, prominent gainers in the seafood sector included IDI, up by 4.9%, VHC by 4.6%, and FMC by 3.7%.
Textile Stocks on the Rise
Seafood Stocks Showing Positive Momentum
The previous trading session witnessed a surge in textile and seafood stocks following positive news regarding tariff developments.
According to Reuters, President Trump, while speaking to reporters before boarding Air Force One in New Jersey, agreed with Treasury Secretary Steven Mnuchin’s comments from April 29 that the U.S. “doesn’t necessarily need a big breakthrough” in its trade negotiations with China.
“We don’t want to make shoes and t-shirts. We want to make military equipment, the greatest submarines and aircraft in the world, and AI and computers,” said President Trump.
“Frankly, I don’t want to make t-shirts and socks. We can do that very easily in many other places, including our country. What we want to do is make the product, whether it’s computers and the chips and all of the different things that go with the product,” he added.
This statement could potentially benefit countries with significant textile exports to the U.S., as they may now have an opportunity to fill this gap. Vietnam, in particular, is a major exporter of textiles to the American market.
According to the General Department of Vietnam Customs, textile exports in April 2025 reached $3.07 billion, a slight increase of 0.2% compared to the previous month. Cumulative exports in the first four months of 2025 totaled $11.76 billion, marking a 12.8% year-on-year increase, equivalent to an additional $1.33 billion.
Earlier, at the May workshop organized by the Vietnam Textile and Apparel Association (Vitas), Dr. Le Tien Truong, Chairman of the Board of Vitas, assessed that the market for the garment industry will witness numerous opportunities for orders in the first half of the year, with the possibility of this trend extending into the third quarter of 2025.
Turning to the seafood industry, according to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports from Vietnam continued to grow in April 2025, albeit at a slower pace. Cumulative exports in the first four months of the year reached $1.4 billion, a substantial increase of 19% compared to the same period last year.
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“Previously, at the May seminar organized by the Vietnam Textile Group (Vinatex), Dr. Le Tien Truong, Chairman of Vinatex’s Board of Directors, shared his insights on the industry’s market opportunities. He stated that the textile industry would witness an abundance of orders in the first half of the year, with the potential for this trend to extend through the third quarter of 2025.”
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