April 23, 2025
Vietnam’s iron and steel product imports rose over 26 percent in March
Vietnam imported US$621.18 million worth of iron and steel products in March, up 26.28 percent from February, according to Vietnam’s General Department of Customs. This brought the total import value for the first three months of the year to US$1.63 billion.
Vietnam’s aquaculture feed output up 7 percent year-on-year in March
Vietnam’s aquaculture feed production reached 674,900 tons in March, down from 725,800 tons in February. Year-to-date output totalled 2,073,600 tons, marking a 112.3 percent month-on-month increase and a 107.4 percent rise compared to the same period last year, according to data from the General Statistics Office.
Vietnam’s iron and steel imports decline by 12.67 percent in March
Vietnam’s iron and steel imports totalled US$910.90 million in March, representing a 12.67 percent decrease from February. Year-to-date (YTD) imports reached US$2.65 billion, according to Vietnam’s General Department of Customs.
Vietnam’s plastic exports rise 8.88 percent in March, led by gains to China and Italy
Vietnam exported US$224.52 million worth of plastics in March 2025, up 8.88 percent month-on-month, according to Vietnam’s General Department of Customs.
Vietnam’s insulated wire and cable exports rise by 19.47 percent in March
Vietnam’s exports of insulated wires and cables rose by 19.47 percent in March compared to February, reaching US$349.67 million, according to data from Vietnam’s General Department of Customs.
Gold price hits new record in Vietnam
Vietnam’s domestic gold prices surged to a new record on April 22, with gold bars from Saigon Jewelry Company (SJC) reaching VND 122.5 million (US$4,767) per tael or approximately US$3,973–US$3,972 per troy ounce, driven by soaring global prices and rising demand for safe-haven assets, the Vietnam News Agency is reporting.
Indonesia: 2025 growth outlook cut to 4.7 percent in latest IMF forecast
Indonesia’s economic growth is now projected to slow to 4.7 percent in 2025, down from the 5.1 percent forecast made just six months ago, according to the International Monetary Fund’s April 2025 World Economic Outlook. The IMF has also projected this 4.7 percent growth rate to hold steady in 2026.
Philippines: IMF trims 2025 GDP growth forecast to 5.5 percent
The International Monetary Fund (IMF) has revised down the Philippines’ GDP growth forecast for 2025 in its April 2025 World Economic Outlook, while inflation expectations have been nudged upward. The new projections show real GDP expanding by 5.5 percent in 2025, a modest downgrade from 5.8 percent in October 2024, with a forecast of 5.8 percent for 2026.
GDP: IMF forecasts Vietnam growth to reach just 4 percent in 2026
Vietnam’s near-term economic outlook has dimmed slightly, with the International Monetary Fund (IMF) lowering its GDP growth forecast for 2025 and 2026 in its latest April 2025 World Economic Outlook. Real GDP is now projected to grow 5.2 percent in 2025 and 4.0 percent in 2026, compared to 6.1 percent and 6.1 percent in the October 2024 forecast. This marks a downward revision of 0.9 percentage points for 2025 and a sharp 2.1 points for 2026.
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