IMF: 2025 - The Year of Resilience

VTV.vn - The IMF said the global economy and the Asia-Pacific region are showing strong resilience, in which Vietnam stands out thanks to attracting FDI and expanding exports.

Krishna Srinivasan - Asia- Pacific Director of the International Monetary Fund.

The annual meeting between the World Bank and the International Monetary Fund (IMF) is coming to its final days in Washington DC, USA. VTV reporter had an interview with the Asia- Pacific Director of the International Monetary Fund, Mr. Krishna Srinivasan.

In this discussion, the IMF Regional Director gave economic forecasts for the Asia-Pacific region, including very positive and optimistic comments on Vietnam's growth. In addition, the IMF also analyzed in depth the challenges that the Asian region, including our country, is facing.

PV: The current economic outlook seems more optimistic than what the IMF predicted in April, right?

Mr. Krishna Srinivasan: Yes, and there are three reasons. First, many countries have negotiated and signed trade agreements with the US, which have resulted in significantly lower tariffs.

Second, over the past few months, many Asian economies have seen an export boom, particularly in the electronics and semiconductor sectors.

Third, many countries have provided significant macroeconomic support packages ranging from expansionary fiscal spending to loose monetary policy to help maintain growth momentum.

However, we still emphasize that while Asia is showing resilience, risks remain. Trade tensions could escalate further, and financial conditions could tighten.

PV: In that picture, what opportunities and challenges is the Vietnamese economy facing?

Mr. Krishna Srinivasan: Vietnam is one of the countries that clearly benefits from the wave of restructuring of global trade and supply chains.

Vietnam's economy has a competitive advantage in terms of cost and high openness, so when global trade began to reshape from 2016-2018, Vietnam quickly became a destination for new investment and trade flows.

A significant portion of regional exports are “redirected” through Vietnam, but importantly, Vietnam has actually created value addition – that is, not just transshipment of goods, but actually participating more deeply in the global value chain.

Thanks to that, Vietnam has both benefited from the shift in supply chains and attracted a large amount of FDI from countries in the region.

PV: If we had to use one word to describe the year 2025, perhaps "tariff" would be the prominent keyword. Do you agree?

Mr. Krishna Srinivasan: World growth is still expected to reach 3.2% this year and 3.1% next year; Asia alone will reach 4.5% and then 4.1%, despite facing a series of external shocks.

So if I had to choose one word for this year, it would be "resilient".

PV: Thank you!

Source: https://vtv.vn/imf-2025-nam-cua-su-kien-cuong-100251018055329635.htm