Vietnam is expected to sustain solid growth momentum this year even as it faces challenges including geopolitical tensions, elevated oil prices and rising inflationary pressures.
After a strong GDP growth of 7.1 per cent in 2024, Vietnam's economic expansion is expected to moderate to 6.6 per cent in 2025 and further ease to 6.5 per cent in 2026.
The typhoon's impact is expected to be felt more clearly in the northern regions towards the end of the third quarter and the start of fourth quarter, leading to reduced output and damage to manufacturing, agriculture, and service facilities.