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International Business Times
International Business Times
Business

Vietnam Economic Growth Slows In First Quarter As US Tariffs Loom

There are fears US tariffs could lead to factory downsizing and job losses in Vietnam (Credit: AFP)

Vietnam's economy grew at a slightly slower pace in the first quarter, government figures showed Sunday, as the Southeast Asian country braces for the impact of colossal tariffs imposed by Washington.

The manufacturing powerhouse counted the United States as its biggest export market in the first three months of the year, but the key customer has now slapped it with a thumping 46 percent tariff.

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