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)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
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