The World Bank has reduced Vietnam's 2025 growth forecast for tariff pressure.
The World Bank has reduced the growth of Vietnam growth from 6.8 % to 6.6 % in March, with the reason that moderate operation with the return of export growth after the strong half and 8.5 % of the Government's goals are less than 8.5 %. “Vietnam, as an export -oriented economy, continues to be vulnerable to the global growth decline and the weakness of demand from its main trading partners,” he said, “the uncertainty of trade policy can adversely affect the trust of businesses and consumers.” This discount was offered after the largest export market of Vietnam, the United States, the implementation of 20 % of customs tax and the third national transfer into its property on August 7. In the medium term, with the support of global trade and the support of Vietnam's competitiveness in the production field, 6.1 % in 2026 is expected to increase to 6.5 % before it is witnessed in 2027. Meanwhile, Prime Minister Pham Minh Chinh warned that trade tensions, geopolitical conflicts and supply chain cuts create pressure on inflation and exchange rate.