14-3-2024 (HANOI) Vietnam’s gross domestic product (GDP) is anticipated to reach approximately $469.7 billion by the close of 2024, positioning the nation as the fifth-largest economy in Southeast Asia, as reported by Vietnam News on Thursday, citing data from the International Monetary Fund (IMF).
Leading the forecast rankings are Indonesia, Thailand, Singapore, and the Philippines.
IMF data indicates that Vietnam’s GDP stood at an estimated $433.3 billion in 2023, placing it fifth-highest in Southeast Asia.
The UK’s independent Center for Economics and Business Research has made a bullish projection for Vietnam’s economic trajectory. It forecasts that Vietnam’s economic standing will surge significantly in the coming years, propelling the country to the 24th position globally by 2033, with an economy valued at $1.05 trillion.
Further predictions suggest that by 2038, Vietnam’s GDP is expected to reach $1.56 trillion, elevating the nation to the 21st position globally and surpassing other economies in the ASEAN region, according to the center’s analysis.
