Vietnam becomes fifth largest economy in Southeast Asia: IMF

VOV.VN - Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.

The United States took the lead with US$22,940 billion, followed by China with US$16,863 billion.

For GDP per capita, Vietnam secured US$3,743 per person ranking sixth in ASEAN and 124th in the world.

Globally, the top 10 countries with the largest GDP per capita are Luxembourg (US$131,302), Ireland (US$102,394), Switzerland (US$93,515), and Norway (US$8.244).

They were followed by the US (US$69,375), Iceland (US$102,394), Denmark (US$67,920), Singapore (US$66,263), Australia (US$62,619), and Qatar (US$61,791).

In Southeast Asia, Singapore ranked first with US$66,263 per person, followed by Brunei (US$33,979), Malaysia (US$11,125), Thailand (US$7,809), and Indonesia (US$4,225).

This year Vietnam has set targets of recording 6 - 6.5% GDP growth and raising its GDP per capita to US$3,900. It plans to raise the GDP per capita to between US$4,700 and US$5,000 by 2025 and US$7,500 by 2030.

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Average annual GDP growth: 6.5 – 7% Average GDP per capita: US$4,700 – 5,000 State budget
Average annual GDP growth: 6.5 – 7% Average GDP per capita: US$4,700 – 5,000 State budget

The 15th National Assembly discussed investment policy for the National Target Programme on New-style Rural Development for the 2021-2025 period during its ongoing first session in Hanoi on July 27.

Average annual GDP growth: 6.5 – 7% Average GDP per capita: US$4,700 – 5,000 State budget

Average annual GDP growth: 6.5 – 7% Average GDP per capita: US$4,700 – 5,000 State budget

The 15th National Assembly discussed investment policy for the National Target Programme on New-style Rural Development for the 2021-2025 period during its ongoing first session in Hanoi on July 27.

Vietnam among Asia-Pacific economies with fastest per-capita GDP rise: Bloomberg
Vietnam among Asia-Pacific economies with fastest per-capita GDP rise: Bloomberg

Vietnam is projected to be one of the economies posting big gains in the world’s per-capita income rankings during the quarter-century through 2025, according to data analysed by Bloomberg.

Vietnam among Asia-Pacific economies with fastest per-capita GDP rise: Bloomberg

Vietnam among Asia-Pacific economies with fastest per-capita GDP rise: Bloomberg

Vietnam is projected to be one of the economies posting big gains in the world’s per-capita income rankings during the quarter-century through 2025, according to data analysed by Bloomberg.