The leading positions in the forecast are held by Indonesia, Thailand, Singapore, and the Philippines even as IMF’s data indicates that Vietnam’s GDP was around $433.3 billion in 2023, maintaining its fifth position in the region.
Furthermore, the UK’s independent Centre for Economics and Business Research anticipates a rapid ascent in Vietnam’s economic standing.
They project that by 2033, Vietnam will climb to the 24th position globally, boasting an economy valued at $1.05 trillion while by 2038, Vietnam is expected to rise even further, reaching the 21st position with a projected GDP of $1.56 trillion.
This growth trajectory is predicted to surpass other economies within the ASEAN region.
These forecasts highlight Vietnam’s remarkable economic potential and its trajectory towards becoming a significant player on the global stage.
As Vietnam continues to advance, its economic prowess is expected to propel it into the upper echelons of the world’s largest economies, demonstrating the country’s resilience and promising future prospects.
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