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Analysis by Region - Emerging Markets - Vietnam

Publisher Oxford Economics
Published Apr 23, 2025
Length 6 Pages
SKU # OFE20029146

Description

We've lowered our forecasts for Vietnam's GDP growth by 0.7ppts to 6.2% y/y in 2025 and by 0.4ppts to 6.2% in 2026. Growth prospects have been downgraded due mainly to tariff-related concerns. Closer Chinese cooperation shouldn't fully offset these headwinds, too. Still, upside risks to our forecasts remain, especially if Vietnam manages to strike a trade deal with the US.

Table of Contents

6 Pages
Vietnam: Growth outlook downgraded on tariff concerns
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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