Vietnam is forecast to become ASEAN's second largest economy by 2036.

Vietnam is forecast to become the second largest economy in Southeast Asia after Indonesia and the 20th largest economy in the world by 2036.

Vietnam is forecast to be the 20th largest economy 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.

The report points out that, as of 2021, Vietnam is estimated to have a per capita GDP adjusted for purchasing power parity of $11,608. The report says that 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 itself from a poor country into a lower-middle-class one.

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 around 5% per capita. However, Vietnam faces key challenges on its path to becoming a high-income country. With declining global trade and an aging population, Vietnam needs to significantly improve policy implementation, especially in areas that will be severely affected by automation and climate change.

During the 2021-2036 period, CEBR predicts that Vietnam's position in the World Economic Rankings will improve significantly, with its ranking rising from 41 to 20 in 2036. At that time, Vietnam will rank 2nd in Southeast Asia, just behind Indonesia. If CEBR's forecast is correct, by 2036, Vietnam's economy will surpass Poland, Switzerland, Sweden, Belgium and Australia.

According to vtv.vn

Source: https://baokhanhhoa.vn/kinh-te/202505/viet-nam-duoc-du-bao-se-tro-thanh-nen-kinh-te-lon-thu-second-asean-vao-nam-2036-42f5aca/