Insider Monkey said that Vietnam is a developing country with impressive economic growth and will be one of the fastest growing economies of the 21st century.
According to Yahoo FinanceVietnam ranks 16th out of 21 richest countries in Asia according to website statistics Insider Monkey. The rating site is based on the results of analyzing data on the global wealth of countries.
With total assets of 985 billion USD, Vietnam ranks 16th. Insider Monkey Vietnam is a developing country with impressive economic growth and will be one of the fastest growing economies of the 21st century.
Results are based on financial and non-financial assets and subtract debt levels, not taking into account factors such as natural resources, infrastructure, human resources and economic potential – factors that contribute to wealth creation. have of the country.
The Organization for Economic Cooperation and Development (OECD) said that Asia has a relatively good economic recovery ability after the pandemic, even during a period of global economic uncertainty. ASEAN countries (including Vietnam), China and India effectively overcome the challenge of global recession.
The OECD assessed the reasons for the above-mentioned countries to overcome difficulties due to appropriate monetary and macroeconomic policies, stable export situation and domestic demand.
In addition, the average GDP growth rate of Asian countries is expected to increase to 5,4% in 2024. ASEAN has an average GDP growth rate of 4,6% in 2023 and 4,8% in 2024, exhibiting stable resilience.
According to the Asian Development Bank (ADB), inflation in Asia will cool down next year, gradually reaching pre-pandemic levels. The figure will drop to 4,2% in 2023 and to 3,3% in 2024. However, inflation in Asia will be influenced by higher interest rates and persistently high commodity prices.
The International Monetary Fund (IMF) again said that the Asia-Pacific region is expected to have higher economic growth thanks to a number of key drivers such as China's recovery after the pandemic and good growth. of India.
In addition, among the 16 most developed countries in Asia, the top four countries on the list include China ($85.107 billion), Japan ($25.692 billion), India ($14.225 billion) and South Korea. Nation (10.149 billion USD).
