Vietnam’s exports of bags, headgear and umbrellas declined 11.93 percent month-on-month in September 2025 to US$342.22 million, according to preliminary data from Vietnam’s General Department of Customs.
The United States remained Vietnam’s largest market, though exports fell 16.83 percent to US$156.70 million.
Shipments to Japan also dropped 16 percent to US$23.75 million, while the Netherlands decreased 7.22 percent to US$20.46 million.
Germany and Canada saw stronger performance, up 21.03 and 10.14 percent respectively, and exports to China increased 13.55 percent to US$13.92 million.
Year-to-date exports reached US$3.34 billion, with the United States accounting for nearly half, reaffirming its position as Vietnam’s most important destination for fashion accessories.
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Listed accessory makers
Thanh Cong Textile Garment Investment Trading JSC
Thanh Cong Textile Garment Investment Trading JSC (TCM) is a vertically integrated garment and textile producer listed on HOSE, engaged in fabric production and export garment manufacturing.
TCM closed at VND 27,950 on Thursday down 0.05 percent with 16,764,000 shares traded, worth VND 46,685 million.
Foreign ownership in TCM is currently capped at 50.0 percent, with current foreign ownership sitting at 49.1 percent.
Song Hong Garment Joint Stock Company
Song Hong Garment Joint Stock Company (MSH) manufactures and processes garments and home-textile products, including carpets and blankets, for domestic and export markets.
MSH closed at VND 34,350 on Thursday up 0.4 percent with 603,000 shares traded, worth VND 2,074 million.
Foreign ownership in MSH is currently capped at 50.0 percent, with current foreign ownership sitting at 4.9 percent.
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Sector background
Vietnam’s exports of bags, headgear and umbrellas form a small but fast-evolving part of the country’s broader garment and footwear industry.
The sector benefits from Vietnam’s strong integration into global fashion supply chains and access to major free trade agreements such as the EVFTA, CPTPP and UKVFTA, which have reduced tariffs for textile and leather goods.
The United States remains Vietnam’s dominant market, followed by Japan and key European destinations including Germany, the Netherlands and France.
Most production is concentrated in southern provinces such as Binh Duong and Dong Nai, where exporters operate as original equipment manufacturers for international brands.
Despite steady export growth, the sector faces challenges from dependence on imported materials, rising compliance costs, and growing environmental and labour concerns from Western buyers.
However, improving logistics, a skilled workforce, and competitive costs continue to position Vietnam as a reliable source for mid-range fashion accessories.