Tariffs and ‌monetary policies abroad ‌will make it tougher for Vietnam’s central bank to get its policy settings right and achieve an economic ‍growth target of more than 10 per cent next year, according to Pham Chi Quang, head of bank’s monetary policy department.

The government has said Vietnam is on track to reach this year’s economic growth target of more than 8 per cent and plans to target 10 per cent ‌growth next year.

“Since the beginning of 2025, complicated and unpredictable developments ‌of the global markets, ‍such as the Fed’s [US Federal Reserve’s] unpredictable monetary policy and the tariff policy of the US government, have been affecting the economy, the foreign exchange market and exchange rates,” Quang was quoted by domestic media reports as telling a recent press conference.

Tariffs and monetary policies abroad will make it tougher for Vietnam’s central bank to get its policy settings right and achieve an economic growth target of more than 10 per cent next year, Pham Chi Quang, head of bank’s monetary policy department, said.
The total outstanding credit to the Vietnamese economy exceeded $670 billion as of December 24—up by 17.87 per cent YoY.

The total outstanding credit to the Vietnamese economy exceeded 18.4 quadrillion VND (~$670 billion) as of December 24, 2025—up by 17.87 per cent year on year (YoY), the State Bank of Vietnam’s (SBV) deputy governor Pham Thanh Ha announced.

From the beginning of the year, the central bank set an initial credit growth target of around 16 per cent for the banking system, while allowing for adjustments in line with actual economic conditions.

Credit flows were directed toward production and business activities, priority sectors and key growth drivers in line with directives from the government.

By the end of October 2025, outstanding loans to the manufacturing and processing industry made up 12.39 per cent of total credit, while wholesale and retail trade remained the largest recipient of credit, accounting for 22.24 per cent of total outstanding loans.

Fibre2Fashion News Desk (DS)

Cotton yarn prices in the Tiruppur market largely stayed at earlier levels, although the market saw slightly higher demand from downstream industries. A trader from Tiruppur told Fibre*Fashion, “Spinning mills are trying to increase cotton yarn prices, but the hike could not be absorbed by the market due to slow demand. However, cotton yarn demand may improve in the second week of next year. Typically, demand picks up ahead of the Pongal and Onam festivals as the weaving industry ramps up fabric production for the next summer season.”

In Tiruppur, knitting cotton yarn prices were noted as ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.

Imports of knitted and crocheted apparel under HS code ** reached around NZ$***.* million (~$***.* million) in the first eleven months of ****, up about * per cent from the same period last year. Woven apparel under HS code ** rose by a similar *.* per cent to approximately NZ$***.* million (~$***.* million). Compared with the January–October trend, growth moderated slightly, reflecting softer buying in November as retailers balanced summer demand with tighter stock management and ongoing efforts to avoid overstocking.

November **** highlighted this moderation. Monthly imports of HS ** and ** combined declined *.* per cent YoY to about NZ$***.* million (~$**.* million). Knitted apparel imports fell more sharply, down **.* per cent to NZ$**.* million, while woven apparel was broadly flat at NZ$** million. The weaker November performance points to continued caution in forward ordering, as retailers prioritised inventory clearance and promotional activity ahead of the year-end period.