Vietnam Keeps Growth Target at 8% Despite Tariff Challenges (2)

Vietnam’s prime minister said the nation’s economic growth target remains unchanged this year despite the many challenges it faces, as the threat of US tariffs creates uncertainty for exporters and businesses.

“The global economy saw unprecedented movements in the past months, putting pressure on the management of the macro-economy,” Pham Minh Chinh said, addressing the National Assembly in Hanoi on Monday. The government wants to “turn risks into opportunities,” Chinh added.

Still, Chinh reiterated that the government will keep its target of at least 8% growth this year with the aim of reaching double-digits in the coming years. Economic expansion ...