Vietnam keeps growth target at 8% despite tariff challenges

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Vietnam keeps growth target at 8% despite tariff challenges - Business Mirror

Quick Summary:

Vietnam’s prime minister said the nation’s economic growth target remains unchanged this year despite the many challenges it faces, as the threat of US tariffs creates uncertainty for exporters and businesses.

"The global economy saw unprecedented movements in the past months, putting pressure on the management of the macro-economy,” Pham Minh Chinh said, addressing the National Assembly in Hanoi on Monday.

At the same time, the country is also striving to balance relations with its largest trading partner, China, which has warned nations against cutting deals at Beijing’s expense.