by Teuvo Tuomi | Dec 30, 2024 | Economy, News, Singapore, Vietnam
According to the UK-based Centre for Economics and Business Research (CEBR), Vietnam’s GDP will surpass Singapore’s in five years, reaching $676 billion by 2029. By 2039, Vietnam’s GDP could rise to $1.41 trillion, ranking 25th worldwide and becoming Southeast Asia’s...
by Teuvo Tuomi | Jul 24, 2024 | ASEAN, Business, Economy, News, Southeast Asia, Vietnam
The Vietnamese government has set a goal to bring GDP per capita to $7,500 by 2030, up 75% from 2023. GDP per capita rose 1.6% to $4,284.5 last year, according to the General Statistics Office. S&P Global Ratings expects Vietnam’s GDP per capita to reach...
by Teuvo Tuomi | Jul 7, 2023 | Economy, Indonesia, News
Indonesia has returned to the rank of an upper-middle-income country, marking the bounce back of its economy following the pandemic. The country’s gross national income (GNI) per capita, which measures the sum of money a nation earns divided by its population, reached...
by Teuvo Tuomi | May 9, 2023 | Economy, News, Vietnam
Vietnamese lawmakers are urging the central bank to consider cutting policy rates further to support the economy and help it reach its 2023 economic growth target. Vietnam’s growth slowed from 5.92% in late 2022 to 3.32% in the first quarter of 2023, prompting...
by Teuvo Tuomi | Apr 21, 2023 | China, Asia, Economy, News
The Bank of Finland Institute for Emerging Economies (BOFIT) expects China’s GDP growth to reach around 6% this year due to the opening-up of the economy and last year’s low reference basis. Recovery of the real estate sector should also help increase GDP growth next...
