Fashion
Vietnam’s GDP growth beats forecasts despite US tariff pressure
Vietnam’s economy has expanded by 8.5 per cent year on year in the fourth quarter of 2025, outperforming expectations and lifting full-year GDP growth to 8 per cent, according to analysis by BMI, a Fitch Solutions company. Despite falling short of the government’s 8.4 per cent target, the result exceeded BMI’s earlier 7.4 per cent forecast.
International trade was the key growth driver. Exports and imports surged 16.3 per cent and 17.1 per cent respectively in 2025, a notable rebound despite Vietnamese shipments to the US facing 20 per cent tariffs imposed under President Donald Trump. Manufacturing and construction together contributed around 3.5 percentage points to overall growth, helped by strong real estate activity and robust goods production.
Looking ahead, BMI now expects GDP growth of about 7.2 per cent in 2026, revising up its earlier 7 per cent estimate. Investment growth between 2023 and 2025 has nearly doubled, expanding productive capacity, BMI said in a release.
In parallel, general secretary To Lam has approved reforms aimed at liberalising the private sector, including preferential credit for small and medium enterprises and enhanced tax deductions for research and development.
While growth is unlikely to reach the government’s longer-term 10 per cent ambition during 2026-2031, faster reform implementation could lift near-term output. However, risks remain balanced. A sharp property market correction or a potential increase in US tariffs to 40 per cent, if Vietnam is accused of trans-shipping Chinese goods, could weigh heavily on growth.
Vietnam’s economy grew strongly in 2025, with Q4 GDP up 8.5 per cent, lifting full-year growth to 8 per cent and beating BMI forecasts despite missing the 8.4 per cent target.
Trade and investment drove growth even as US tariffs weighed.
GDP is seen growing 7.2 per cent in 2026, supported by private-sector reforms, though tariff risks persist.
Fibre2Fashion News Desk (HU)
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Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
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Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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