Asia Pacific News
LAST UPDATE: September 16, 2025
IMF projects Vietnam’s economic growth to ease to 6.5 per cent in 2025
The IMF projects Vietnam’s GDP growth to slow to about 6.5% in 2025 from 7.1% in 2024, citing U.S. tariffs, fading fiscal stimulus, and global headwinds.
Insight
Vietnam’s export-led model faces external pressures, showing the limits of short-term stimulus. Structural reforms and diversification are increasingly urgent to sustain momentum.
Vietnam Urges US to Rethink Seafood Ban as Trade Talks Grind On
Vietnam has urged the U.S. to reconsider a pending ban on seafood exports, after NOAA rejected its comparability finding under the Marine Mammal Protection Act. The ban could affect tuna, swordfish, squid, and other key exports starting Jan 2026.
Insight
This shows how non-tariff measures and environmental standards are becoming major trade barriers. Vietnam must adapt its fishing practices or risk losing key U.S. market access.
Lower US tariffs on Japan autos kick in
The U.S. has lowered tariffs on Japanese autos and parts as part of a trade agreement, easing costs for Japan’s automakers.
Insight
The tariff cut boosts Japanese firms’ competitiveness in the U.S. but also pressures other trade partners like South Korea to seek similar concessions.
South Korea presidential office says tariff talks with US stalled
South Korea said trade negotiations with the U.S. have stalled over unresolved issues in a July deal, particularly around a proposed $350 billion investment fund.
Insight
Seoul’s hesitation reflects concerns over financial risks, showing the challenges in balancing tariff relief with economic sovereignty.
Majority of BOK board members back future policy easing given growth headwinds, minutes show
Minutes from the Bank of Korea’s August meeting show 6 of 7 board members support future rate cuts to counter growth headwinds, though the key rate stayed at 2.50%.
Insight
Monetary easing is increasingly likely, but external risks from tariffs and inflation constraints will determine the timing and depth of cuts.
US Trade, Defense Teams in New Delhi to Revive Trade Talks
U.S. trade and defense teams arrived in New Delhi to revive stalled trade talks with India amid tensions over tariffs and energy policy.
Insight
This highlights how Washington ties trade with security issues. For India, it’s a chance to balance economic pressure with strategic leverage.
Indonesian bill will emphasise central bank’s role supporting growth, lawmakers say
Indonesia’s parliament is reviewing amendments to the 2023 Financial Sector Law that would explicitly require Bank Indonesia to support economic growth and job creation. Additional changes under discussion include giving parliament power to recommend removal of central bank board members based on performance. (Reuters)
Insight
This reflects pressure on central banks in emerging markets to balance their traditional focus on price stability with growth and social objectives. It raises concerns about the independence of the central bank, which will be tested if legislative oversight increases.
