Button open navigation
Facebook icon
Twitter icon
BLOG  IN
Vietnam surpasses Singapore and Malaysia to become the 4th largest economy in Southeast Asia: IMF
Facebook icon
Twitter icon

Vietnam’s estimated GDP of $340.6 billion this year could exceed that of Singapore by nearly 1 percent for the first time, the IMF says.

The IMF has forecast a GDP growth of 1.6 percent for Vietnam this year, while that of Singapore declines by 6 percent.

These figures put Vietnam as the fourth-largest economy in ASEAN this year, behind Indonesia, Thailand, and the Philippines.

 

 

In the next five years, Vietnam’s GDP is set to grow by 6-7 percent annually, compared to Singapore’s 2-5 percent.

This means that by 2025, Vietnam’s GDP could reach $530 billion, exceeding that of Singapore by 22.7 percent.

Vietnam is among a few countries that are likely to post positive GDP growth this year while most economies contract.

In ASEAN, the Philippines is set to record negative GDP growth of 8.3 percent, while that of Malaysia, like Singapore’s, is set to contract by 6 percent.

 

 

Vietnam’s per capita GDP is set to grow by 2.4 percent this year to $3,497, ranking fifth among the six largest ASEAN countries behind Singapore, Malaysia, Thailand, and Indonesia.

 

 

The country is expected to maintain its fifth position even as this figure grows 7-8 percent per year to reach $5,212 by 2025.

By @Vnexpress

OUR BLOG
US and China remained the biggest trade partners of Vietnam in first 10 months of 2020
US and China remained the biggest trade partners of Vietnam in first 10 months of 2020
Thursday, 05 November 2020
The surplus became bigger than nine-month achievement which was reported earlier at $16.52 billion. In the Jan.-Oct. period, China and the US remained ...
Hình của bài viết
Apple partner to invest US$1 billion for a manufacturing complex in Vietnam
Thursday, 05 November 2020
These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple. Taiwan-based ...
Hình của bài viết
Vietnam surpasses Singapore and Malaysia to become the 4th largest economy in Southeast Asia: IMF
Thursday, 05 November 2020
Vietnam’s estimated GDP of $340.6 billion this year could exceed that of Singapore by nearly 1 percent for the first time, the IMF says. The IMF has ...
Hình của bài viết
Apple’s iPhone sales slump continued in Q3, but Mac and wearable growth helped top targets
Wednesday, 31 July 2019
Apple’s sales of its flagship iPhone continued to shrink during its fiscal third quarter, but the company edged past Wall Street’s muted financial ...
Khách hàng 1
Khách hàng 1

OUR PARTNERS

We are proud to cooperate with

2 partnerships IN VIET NAM

0 partnerships IN EURO

OUR LOCATION
Google Maps Generator by embedgooglemap.net
VIETNAM OFFICE
76 Cach Mang Thang 8 Street, ward 6, district 3, HCMC.
+084 083 245678
support-vn@mkatco.com
Google Maps Generator by embedgooglemap.net
EUROPEAN OFFICE
+46 090 8888 999
support-eu@mkatco.com
Ảnh nền của form
YOUR QUESTION HAS BEEN SENT SUCCESFULLY
Thanks for your question, we will respond you as soon as possible via email:
user@gmail.com
Your feedback, our honor.
DO YOU HAVE A QUESTION
Email is not valid
Please enter full information