Topic: GDP growth

The bank lowering forcast for Vietnam's growth following risks of tariff measures imposed by the US.

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 figure marking the highest growth rate in the first quarter since 2020.

The bank emphasizing that Vietnam’s GDP growth goal of at least 8 per cent is feasible.

The previously projected target for the GDP growth stood at 6.5 – 7 %

The country's 2025 outlook expected at 6.6%, according to the bank.

The National Assembly has adopted a resolution on the socio-economic development plan for next year.

It is higher than forecasts for other countries in the region.

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.

PM Pham Minh Chinh chairing the Government regular meeting on August 5.