Hanoi, April 25 -- Vietnam's gross domestic product (GDP) growth is forecast to moderate to 5.8% in 2025 due to increased trade policy uncertainty, according to the World Bank (WB)'s latest East Asia and Pacific Economic Update. As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports. Uncertainty may also further weaken consumer confidence and spending which has lagged GDP growth in recent years, the WB said, highlighting financial sector vulnerabilities persist with the average loan-loss cove...
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