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| In 2024, the size of Vietnam's economy at current prices will reach about 450 billion USD. (Photo: Gia Thanh) |
The report assessed that Vietnam's economy benefits from the diversification of supply chains by many large enterprises in the world .
In fact, this year, a series of foreign "big guys" have come to Vietnam to seek investment and business opportunities.
For example, billionaire Jensen Huang's Nvidia Corporation has also signed a strategic cooperation agreement with the Vietnamese Government on the establishment of Nvidia's Vietnam AI R&D Center (VRDC) and AI Data Center.
In addition, billionaire Elon Musk's SpaceX also intends to invest 1.5 billion USD in Vietnam, and the Trump Organization has decided to invest in Hung Yen.
CEBR experts predict that Vietnam's GDP per capita will reach 4,783 USD in 2025, belonging to the upper middle-income group (4,466-13,845 USD). By 2029, this figure is expected to continue to increase to 6,463 USD and reach 12,727 USD in 2039, ranking 100th.
In 2024, the size of Vietnam's economy at current prices will reach about 450 billion USD, ranking 34th on the World Economic League Table (WELT).
By 2029, Vietnam's GDP is forecast to increase to 676 billion USD, ranking 32nd, while Singapore's is 656 billion USD, ranking 33rd.
Over the next five years, Vietnam’s annual GDP growth is expected to slow to an average of 5.8%. In the 2030-2039 period, the research center forecasts that the average GDP growth rate will slow to 5.6% per year.
By 2039, CEBR experts emphasized: “Vietnam's position in WELT will be significantly improved, with its ranking increasing from 34th to 25th. Particularly, in the Southeast Asia region, Vietnam's GDP scale by 2039 will reach 1,410 billion USD, second only to Indonesia, the Philippines and surpassing Thailand, Malaysia, Singapore, Myanmar...”.
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