Vietnam Outlook – July 2025 – Resilient economy amid turbulence
Posted: Jul 25, 2025
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Vietnam’s GDP grew robustly by 7.96% yoy in 2Q25 and by 7.52% yoy in 1H25. Thus, we expect the economy to expand by 7.9% – 8.1% yoy in 2025, supported by drivers from both public and private investment.
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Trade activities continue to thrive, yet the manufacturing sector still struggled with the PMI dipped to 48.9 amid a sharp drop in new export orders.
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Vietnam has successfully reached a tariff agreement with the US, with a 20% tariff rate for Vietnamese goods and 40% for transshipped goods, effective from August 1, 2025.
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