Viet Nam's GDP to reach US$500 bln in 2025, US$780 bln by 2030
VGP – Viet Nam's GDP is expected to reach US$500 billion in 2025, becoming the 33rd largest economy globally and the 4th in ASEAN, according to Prime Minister Pham Minh Chinh.
October 20, 2024 4:09 PM GMT+7
The country's GDP rose from US$346 billion in 2020 to US$433 billion in 2023, respectively ranking 37th and 34th largest economy in the world, he added.
Pham said the GDP per capita will increase to around US$4,900 in 2025 from US$3,720 in 2021, up 31.7 percent.
Viet Nam will strive to raise the GDP size to around US$780-800 billion and the GDP per capita to US$7,400-7,600 by the end of this decade, said the Prime Minister.
With only US$8, Viet Nam ranked 9th out of 10 ASEAN Member States in terms of GDP size in 1986 when the country introduced "Doi Moi" policies./.
