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Update news vietnam econnomy
The government is doubling down on its double-digit expansion pledge even as 26 of the country’s 34 cities and provinces are forecast to undershoot their own growth goals this year, betting that a barrage of policy firepower can close the gap.
The World Bank has projected short-term inflows of about 5 billion USD before and after the upgrade from both passive and active investors.
Businesses are advised not to panic as negotiations between the U.S. and Vietnam are underway to manage the proposed tariff hike.
On the morning of February 19, the National Assembly passed a resolution supplementing Vietnam’s 2025 economic and social development plan, setting an ambitious target of at least 8% GDP growth.
Vietnam will top the world’s asset growth in the next ten years, according to Infobae, a renowned newspaper in Argentina.
Vietnam, along with Poland, Mexico, Morocco and Indonesia are five economic “connectors” in a fragmenting world, noted Bloomberg in an article.