Economy gathers steam ahead of tariff challenges


More potential: Workers in a garment factory in Ho Chi Minh City. The ADB says more growth for Vietnam is possible with continuing institutional reform. — AFP

HANOI: Vietnam’s economy is forecast to grow at 6.6% and 6.5% this year and next year, respectively, following robust 7.1% growth last year, according to the Asian Development Bank (ADB)’s flagship annual economic publication.

While maintaining a positive outlook for Vietnam this year and next, the Asian Development Outlook April 2025 report, released on Wednesday, highlighted risks to the forecasts, which were finalised before the announcement of US tariff measures.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Capital A completes disposal of AirAsia aviation units
Bursa Malaysia grants Pimpinan Ehsan until June 30 to submit regularisation plan
Vestland secures RM602mil construction contracts
Kenanga Investment revises 2026 GDP growth forecast to 4.5%
Ringgit ends marginally lower as greenback gets lift from positive US economic data
Exsim’s unit gets RM2.36mil job in an RPT deal
TH Plantations-Cenergi power plant boosts waste-to-energy solutions
MN Holdings wins RM122.7mil contracts for data centre power works
M&G enters JV to expand vessel maintenance and repair services
Binastra wins RM1.18bil building, infrastructure contracts in Johor

Others Also Read