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7 Jul 2025

International Economy

Vietnam’s 2Q25 GDP rose to 7.96% YoY; growth expected to slow in 2H25 due to 20% reciprocal tariff (Business Brief No.4170)

คะแนนเฉลี่ย
  • Vietnam’s GDP growth accelerated to 7.96 percent YoY in 2Q25, driven by strong exports, public investment, and industrial production.
  • For full-year 2025, Vietnam’s economy is projected to grow by 6.7 percent, with a slowdown expected in the second half due to the impact of a 20-percent reciprocal tariff and the fact that most importers had already stocked up in the second quarter. Additionally, Vietnam’s trade surplus is expected to narrow as the country is granting broader market access to the US.
  • Other risks to the Vietnamese economy include the Dong’s depreciation and relatively high NPLs in the banking system.

International Economy