Việt Nam among Asia’s 15 largest economies

December 19, 2024 - 11:52

The statistical visualisation platform Seasia Stats recently ranked Việt Nam among the top 15 economies in Asia, with projected economic output reaching some US$506 billion in 2025.

Việt Nam is positioned 12th in the regional ranking. — Photo Seasia Stats

HÀ NỘI — The statistical visualisation platform Seasia Stats recently ranked Việt Nam among the top 15 economies in Asia, with projected economic output reaching some US$506 billion in 2025.

Seasia Stats highlighted Việt Nam’s rapid development driven by explosive manufacturing growth and foreign investment.

While China remains the continent's largest economy, followed by Japan and India, Việt Nam has distinguished itself as a rising economic force in Southeast Asia. The country, positioned 12th in the regional ranking, is projected to achieve 7 per cent economic growth in 2024, a remarkable rate that makes it among the fastest-growing economies in the region and the world.

Indonesia leads the Southeast Asian region with an anticipated economic size of $1.5 trillion in 2025, buoyed by rich natural resources and a rapidly expanding middle class.

Singapore, at the ninth place, has been renowned for its financial services sector and strategic geographical position. The country’s economic output is projected at $562 billion.

Thailand and the Philippines came next, with projected economic sizes of $545 billion and$ 508 billion, respectively. These nations benefit from diverse economic drivers, including tourism, manufacturing and a dynamic young workforce.

Other regional peers in the top 15, standing behind Việt Nam, are Malaysia, Bangladesh and Iran. —VNA/VNS

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