Vietnam’s economy is expected to be worth US$500 billion next year, ranking the 4th largest in Southeast Asia, Prime Minister Pham Minh Chinh says.
Vietnam grew from $346 billion in 2020 to $433 billion last year. And this year, the GDP is set to expand by 7%, exceeding lawmakers’ target of 6.5%. Meanwhile, GDP per capita is expected to grow by 31.7% from $3,720 in 2021 to $4,900 in 2025.
In 2026-30 the government targets annual GDP growth of 7.5-8.5%, with GDP per capita reaching $7,400-$7,600 and becoming an upper middle-income developing country, with modern industry and an economy of around $780-800 billion.
“At this pace, Vietnam will be among the top 30 largest economies in the world,” Chinh adds.
Read more by clicking HERE.
