Vietnam Maintains 2025 Economic Growth Target Despite US Tariffs

Vietnam’s economy likely expanded 8.22% year-on-year in the third quarter, driven by a 10% rise in manufacturing and recoveries in mining and services, according to Finance Minister Nguyen Van Thang. Growth for the first nine months of 2025 is estimated at 7.84%, while consumer prices in September rose 3.38%. The mining sector grew 9.8% in the quarter and services advanced 8.54%. Despite the imposition of new 20% US tariffs on Vietnamese exports, the government reaffirmed its 2025 economic growth target of 8.3–8.5%, pledging to stimulate investment, boost domestic consumption, and accelerate digital transformation to sustain momentum and resilience in global trade.