ADB: Vietnam's economy maintains stable growth prospects

Amid volatile global trade, Vietnam's economy this year still maintains stable growth prospects, thanks to the strong recovery momentum from last year.

The above information is the assessment of the Asian Development Bank (ADB) at the press conference announcing the Asian Development Outlook 2025 held on the morning of April 9.

The first months of the year witnessed fluctuations in global trade. In order to strengthen internal strength, the Government and the Prime Minister directed the implementation of many solutions, including the State Bank building and implementing a preferential credit package of about VND 500 trillion for science and technology, innovation and strategic infrastructure. This is considered a driving force for growth in the coming time.

The Asian Development Bank (ADB) has praised Vietnam’s timely actions after the White House announced its tariff policy. In the long term, the Vietnamese government has carried out extensive and effective institutional reforms to bring about sustainable economic growth in the future.

According to ADB, Vietnam needs to quickly deploy direct support solutions for businesses expected to be affected by tariff tensions. Illustrative photo.

One of the important goals now is for Vietnam to increase its added value in the global supply chain.

Mr. Shantanu Chakraborty - Country Director, Asian Development Bank (ADB) in Vietnam said: "The global supply chain along with FDI enterprises operating in Vietnam provide opportunities for us to diversify external demand, in the context of shrinking export markets. We cannot predict the future as well as the final outcome of tariff policy, but ADB will accompany Vietnam on the road ahead".

ADB experts said that it is not yet possible to quantify the consequences of trade conflicts and tariff tensions. However, Vietnam also needs to quickly deploy solutions to directly support businesses expected to be affected.

Source: https://baoquangninh.vn/adb-kinh-te-viet-nam-duy-tri-trien-vong-tang-truong-on-dinh-3352526.html