Vietnam economic growth slows in first quarter as US tariffs loom
- Vietnam's economy grew 6.93 percent year-on-year in the first quarter, a decrease from 7.55 percent in the previous quarter, according to the General Statistics Office.
- Vietnam's top leader To Lam requested a 45-day delay on the 46 percent tariffs imposed by the United States, aiming to reach an agreement soon.
- Sayaka Shiba warned that the tariffs could significantly damage Vietnam's growth model, potentially resulting in a three-percent hit to GDP this year.
- Despite the tariffs, Prime Minister Pham Minh Chinh maintained the growth target of at least eight percent for the year, according to the official news portal.
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95 Articles
US tariffs hit Southeast Asia hard
Southeast Asia is particularly threatened by US customs policy. Vietnam, for example, is meeting tariffs of 46 percent. For many companies, the country has recently been an alternative to China's production site. By Jennifer Johnston [more]]>
Vietnam seeks US tariff delay as Q1 economic growth slows
HANOI, Vietnam — Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government figures showed on Sunday that its economy grew at a slightly slower pace in the first quarter. The Southeast Asian manufacturing powerhouse counted the United States as its biggest export market in the first three months of
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