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14 Marzo 2024

Vietnam

VIỆT NAM'S GDP REACHES OVER $430 BILLION IN 2023, FIFTH MOST IN SOUTHEAST ASIA

According to the latest data from the International Monetary Fund (IMF), Việt Nam's gross domestic product (GDP) in 2023 is estimated to have reached about US$433.3 billion, which is the fifth highest in Southeast Asia.With this forecast, Việt Nam's economy in 2023 ranked equal to Malaysia ($433.35 billion) and above Myanmar ($74.9 billion), Cambodia ($30.9 billion), Brunei ($15.1 billion), Laos ($14.2 billion) and East Timor ($2 billion).According to the IMF, in 2023, the GDP of the Southeast Asia region will reach about $3.86 trillion. Indonesia leads the region with an estimated GDP of about $1.42 billion. Thailand ranked second in the region with GDP in 2023 forecast at $512 billion, with Singapore and the Philippines, with GDP sizes of $497 billion and $435.7 billion, respectively, third and fourth.By the end of 2024, Việt Nam's GDP is forecast to reach about $469.7 billion, ranking it fifth in the region after countries such as Indonesia ($1.54 trillion), Thailand ($543.35 billion), Singapore ($520.97 billion) and the Philippines ($475.94 billion).By 2038, with an expected GDP scale of $1.56 trillion, Việt Nam will rise to 21st position, surpassing other economies in the ASEAN region such as Thailand ($1.313 trillion), Singapore ($896 billion), the Philippines ($1.536 trillion) to enter the group of 25 largest economies in the world.CEBR also forecasts Việt Nam’s average annual GDP growth rate will be 6.7 per cent in the period 2024-2028. Growth will be 6.4 per cent in the next nine years. (ICE HO CHI MINH CITY)


Fonte notizia: Vietnam News