Vietnam becomes fifth largest economy in Southeast Asia: IMF

Sunday, 12/06/2022 10:08
Vietnam’s gross domestic product (GDP) reached approximately USD368 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.

Vietnam to become 4th largest economy in Southeast Asia: IMF

Vietnam's GDP per capita ranks sixth in ASEAN (Photo: IMF)

The United States took the lead with USD22,940 billion, followed by China with USD16,863 billion.

For GDP per capita, Vietnam secured USD3,743 per person ranking sixth in ASEAN and 124th in the world.

Globally, the top 10 countries with the largest GDP per capita are Luxembourg (USD131,302), Ireland (USD102,394), Switzerland (USD93,515), and Norway (USD8.244).

They were followed by the US (USD69,375), Iceland (USD102,394), Denmark (USD67,920), Singapore (USD66,263), Australia (USD62,619), and Qatar (USD61,791).

In Southeast Asia, Singapore ranked first with USD66,263 per person, followed by Brunei (USD33,979), Malaysia (USD11,125), Thailand (USD7,809), and Indonesia (USD4,225).

This year Vietnam has set targets of recording 6 - 6.5% GDP growth and raising its GDP per capita to USD3,900. It plans to raise the GDP per capita to between USD4,700 and USD5,000 by 2025 and USD7,500 by 2030./.


CPV (Source: VOV)