CEBR predicts that Vietnam will become the second largest economy in ASEAN and the 20th largest in the world by 2036.

According to the World Economic League Table 2022 report by the London-based Centre for Economics and Business Research (CEBR), Vietnam is forecast to become the second largest economy in Southeast Asia after Indonesia and the 20th largest economy in the world by 2036.

CEBR forecasts it will become the second largest economy in Southeast Asia after Indonesia and the 20th largest economy in the world by 2036. (Source: Getty)

Currently, Vietnam's economic scale ranks 35th and is among the top 20 countries in terms of trade scale in the world .

The report indicates that, as of 2021, Vietnam is estimated to have a per capita GDP adjusted for purchasing power parity of US$11,608.

The report said Vietnam’s economic growth story is nothing short of a “miracle,” with the Doi Moi reforms in the mid-1980s, coupled with favorable global trends, helping the country achieve rapid economic growth and transform it from a poor country into one with a lower middle class.

The report notes that to achieve its goal of becoming a high-income country by 2045, Vietnam must grow at an average annual rate of about 5% per capita.

However, Vietnam faces major challenges on its path to high-income status. With global trade slowing and an aging population, Vietnam needs to significantly improve policy implementation, especially in areas that will be severely affected by automation and climate change.

According to Baoquocte.vn

Source: https://baoapbac.vn/kinh-te/202505/cebr-du-bao-viet-nam-se-tro-thanh-nen-kinh-te-lon-thu-hai-asean-thu-20-the-gioi-vao-nam-2036-1041380/