The British Research Center forecasts that Vietnam will reach the top 25 world economies by 2038.
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| CEBR assesses that Vietnam's economy faces a very positive prospect in the next 15 years, with many advantages. (Source: Getty Image) |
CEBR consulting center (UK) evaluates Vietnam and the Philippines as two Southeast Asian economies with the ability to "leap forward" in the World Economic League Table (WELT) rankings in the period from now to 2.
According to CEBR, Vietnam is currently at position 34 on WELT, in 2024 Vietnam will increase 1 place to rank 33 and then will continue to increase rapidly, to position 24 in 2033, before becoming the third economy. 21 in the world by 2038. Meanwhile, the Philippines also has remarkable growth to reach 23rd position by 2038.
In particular, in the introduction to the recently announced rankings, CERB evaluated Vietnam and the Philippines as outstanding illustrations for the group of countries expected to improve their rankings thanks to repositioning in the global value chain. demand, adopting internal reforms, increasing the productivity of the workforce, which can be achieved through the efficient accumulation of public and private capital.
CERB emphasized that both countries have shown significant progress and are expected to climb another 10 and 13 places by 2038, with "full opportunities" to enter the group of 25 leading economies in the world.
CEBR's comments refer to the proportion of the economy, not to the average income in a country, the division between rich and poor or other issues.
According to CEBR, Vietnam faces a very positive prospect for the next 15 years. With its existing population advantage, it is likely that Vietnam can achieve its goal of becoming a high-income country by 2045. With a large and relatively young population, Vietnam has a chance to surpass most of The current "elder" countries in ASEAN economically, such as Singapore, Thailand, Malaysia, will be second only to Indonesia among the Top 2038 world economies by 25.
