Indicators
Vietnam Wary of Trump Tariff Risks as PM Eyes 8% GDP Growth
- GDP growth in 4Q beat all estimates, full year GDP up 7.09%
- Manufacturing jumps 9.83% as construction also gains
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Vietnam, Asia’s growth star whose economy surpassed all expectations in the fourth quarter, could face price pressures and challenges to the prime minister’s 8% expansion target on the Trump administration’s policies.
Vietnam’s government officials, bracing for a possible new era of tariffs during President-elect Donald Trump’s second term, are anticipating possible disruptions to global markets, Nguyen Thu Oanh, head of the price statistics department for the the General Statistics Office, said during a Hanoi briefing on the latest growth numbers.