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Vietnam economic growth slows in first quarter as US tariffs loom

  • Vietnam's economy grew 6.93 percent year-on-year in the first quarter, a decrease from 7.55 percent in the previous quarter, according to the General Statistics Office.
  • Vietnam's top leader To Lam requested a 45-day delay on the 46 percent tariffs imposed by the United States, aiming to reach an agreement soon.
  • Sayaka Shiba warned that the tariffs could significantly damage Vietnam's growth model, potentially resulting in a three-percent hit to GDP this year.
  • Despite the tariffs, Prime Minister Pham Minh Chinh maintained the growth target of at least eight percent for the year, according to the official news portal.
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einnews.com broke the news in on Sunday, April 6, 2025.
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