Vietnam’s economy projected to outpace Thailand’s by 2038

[Viet]

According to the latest data from the International Monetary Fund (IMF), Vietnam’s gross domestic product (GDP) in 2023 is estimated to have reached about US$433.3 billion, ranking it fifth in Southeast Asia alongside Malaysia and above countries like Myanmar, Cambodia, Brunei, Laos, and East Timor.

Key Takeaways​

• Vietnam’s GDP is estimated to be the fifth highest in Southeast Asia in 2023, with potential for rapid economic growth in the future.
• The UK’s Centre for Economics and Business Research (CEBR) predicts that Vietnam’s economy could rise to the 24th position globally by 2033 and 21st position by 2038.
• Vietnam and the Philippines are expected to improve their economic rankings in the ASEAN region through repositioning in the global value chain, internal reforms, and increased investment.

Thailand, while still a significant player in the region, will need to keep pace with Vietnam’s rapid progress to maintain its standing in the global economic landscape.

 

[Viet]

GDP will reach $1.56 trillion
If not a global war
Or Ccp goes to war against the west.

 

[ety]

2038 is long way to go to make economic prediction.