If the US eventually chooses to impose only a 10% tariff on Thai imports rather than the announced 36%, Thailand’s gross domestic product (GDP) growth could reach 2.5%.

Once among the poorest nations in the world, Vietnam has now become one of the most remarkable examples of economic transformation in the 21st century, reported ABC Mundial.

This marks the 9th consecutive month of export growth for Thailand, reaching the highest level in three years, although steep US tariffs remain a concern, the ministry said.

After a gloomy period in 2023, Vietnam's economy has recovered impressively thanks to strong external demand, helping exports of goods and services increase by 15.5% in 2024, according to the World Bank.

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

To stimulate consumption, it's necessary for Vietnam to implement a range of synchronised policies, including demand-boosting measures, tourism development, and increasing people's incomes through the development of investment and export pillars

Addressing the third Trade Policy Review (TPR) session of Cambodia at the World Trade Organisation (WTO) headquarters in Geneva, Switzerland, on March 26, Ambassador Mai Phan Dung applauded Cambodia’s efforts to realise the target of escaping from the least developed country (LDC) status by 2029.

Vinh Phuc's GRDP growth for 2021–2025 is projected at 7.4%, with total economic output expected to reach 190 trillion VND (7.45 billion USD) by 2025, 1.53 times higher than in 2020. Annual per capita GDP is forecast to rise to 148 million VND, while labour productivity is improving at an average of 11% per year.

Vietnam ranked 44th out of 133 countries in the 2024 Global Innovation Index (GII), up two places from 2023. Innovation is seen as a key factor in transitioning Vietnam’s economy from a labour-intensive economy to a knowledge-based, high-value one, according to the Argentine website Resumen Latinoamericano.

A VinaCapital report highlighted the Government’s strong commitment to public investment disbursement this year.

Vietnam aims to achieve a GDP of over 500 billion USD and per capita income above 5,000 USD by 2025.

The national GDP growth in 2025 must reach at least 8% to lay a solid stepping stone for double-digit growth sustained for a long enough period of time, starting in 2026, according to the Government's proposal.

At least over the past month, optimism for Malaysia's medium- and long-term growth prospects has remained unchanged, the country’s Economy Minister Seri Rafizi Ramli has said.

Prime Minister Pham Minh Chinh stressed the need of active policy response, strengthened solidarity of the political system and the people, and drastic actions to realise all set targets.

The review of Resolution 18 and the restructuring of the political system’s organisational apparatus have received broad support and praise from Party members, officials, and the public, with a high level of activeness of all levels. So far, many tasks have been completed ahead of schedule, following the direction set by the Party Central Committee.

Singapore-based United Overseas Bank (UOB) has revised its forecast for Vietnam’s 2025 GDP growth to 7% from its previous projection of 6.6%, following the strong momentum from 2024.

The Government and its members, and leaders of ministries and localities commit to successfully completing all tasks set for 2025, an important year with many significant events of the nation, Prime Minister Pham Minh Chinh affirmed at a conference held in Hanoi on January 8 to review the Government and local administrations’ performance in 2024 and launch tasks for 2025.

The Vietnamese economy demonstrated remarkable resilience in 2024 and was estimated to achieve a growth rate of 7.09% despite global uncertainties.

While Vietnam's exports to the US have bolstered GDP growth this year, domestic factors, including the Government’s increasing spending on infrastructure, real estate market recovery, and consumption, will help the country maintain its economic expansion at around 6.5% in 2025, according to the latest report from VinaCapital.

Prime Minister Pham Minh Chinh has issued a dispatch asking for concerted efforts to promote economic development in 2025 with an aim for a gross domestic product (GDP) growth rate of at least 8% in the year.