New Economic Challenges Ahead For Vietnam

The National Assembly of Vietnam approved the government’s 2025 economic plan with total central budget revenue being set at over US$39.4 billion, with the goal of of helping one of Asia’s fastest growing economies to hit 7-7.5% growth. However, is incoming President Donald Trump with his tariff plans an obstacle to this goal and how should the Vietnamese government navigate this new world order? Dr Nguyen Khac Giang, Visiting Fellow, Vietnam Studies Programme, ISEAS – Yusof Ishak Institute gives us his perspective.

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