HANOI (Reuters) -- Vietnam's economic growth slowed in the first quarter of the year, data showed on Sunday, ahead of challenges the export-reliant economy will face in coming months from hefty U.S. trade tariffs.The Southeast Asian country's gross domestic product rose 6.93% in the first three months from the same period last year, slowing from 7.55% in the quarter ending in December, the National Statistics Office said in a report.
Exports and foreign investment in manufacturing are key drivers of Vietnam's economy, but that model may come under pressure after President Donald Trump announced a 46% tariff on Vietnam's exports to the U.S.
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