Iran war threatens Vietnam’s 10% economic growth goal
Economy
Q1 7.8% GDP growth below target, March inflation at 5-year high on oil price hike
A production line at a Skoda Auto factory in Ha Long in Vietnam’s northeast. The global energy crisis is threatening the prospects of the country’s booming manufacturing sector. © AP
MAI NGUYEN and YUJI NITTA
HANOI — Vietnam’s economy grew 7.8% in the first quarter of this year on an annualized basis, faster than the same period in 2025 but slower than in the previous quarter and below the government’s ambitious target as the global energy crisis took a heavy toll.
