Vietnam’s trade surplus with the US widened to $123.5 billion last year, making the manufacturing powerhouse a potential prime target for President Donald Trump’s tariffs.

Vietnam will officially raise its 2025 GDP growth target to 8.0%, up from the previous 6.5%-7.0% range, Minister of Planning and Investment Nguyen Chi Dung announced. The country, a key manufacturing hub in Southeast Asia,

Vietnam will officially revise up its gross domestic product growth target for 2025 to at least 8.0% from 6.5%-7.0%, driven by stronger industrial manufacturing, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday.

The Vietnamese government has proposed raising the country’s GDP growth target for 2025 to 8 percent, up from the previous 6.5-7 percent, amid the onset of the United States President Donald Trump’s tariff policy.