Market Highlight 21.09.2026

The upcoming talks between the U.S President and the Chinese President are expected to be a key event this week, covering major issues ranging from tariffs to technology involving the world’s two largest economies. The U.S and China are negotiating tariff reductions on U.S energy and agricultural products as part of an initiative to ease barriers affecting around 30 billion USD worth of goods from each side. China’s exports to the U.S have recovered this year, reflecting stronger demand for China-made electronics related to Artificial Intelligence.

Vietnam’s trade activity continued to expand strongly, with total import-export turnover exceeding 825 billion USD as of 15/9. However, growth remained uneven: imports increased by 36% to 424,35 billion USD, while exports rose by 23,2% to more than 400 billion USD. The country recorded a trade deficit of more than 23,5 billion USD, widening by 2,82 billion USD from the end of August. On the export side, computers, electronic products, and components led with 110,66 billion USD, followed by machinery and equipment at 50,7 billion USD, phones and components at 48,5 billion USD, and textiles and garments at 28,44 billion USD. Meanwhile, imports of electronics and components surged to 174,92 billion USD, indicating strong demand for production inputs. Notably, the FDI sector contributed around 634 billion USD, continuing to play a dominant role in production and trade activity. At the current pace, Vietnam’s total import-export turnover in 2026 could exceed 1.200 billion USD, although the widening trade deficit will need to be closely monitored.

Interbank USD/VND edged higher to 26.025 on Friday, supported by the stronger USD in global markets and data showing that Vietnam’s trade deficit widened further in the first half of September. The SBV continued to raise the central rate by another VND 5, corresponding to an effective daily ceiling of 26.918.

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