The Vietnamese government also has high expectations with a GDP growth target of 8% for 2025. Seasia Stats emphasized that “Vietnam is growing rapidly thanks to the boom in manufacturing and foreign investment”.
According to Seasia's ranking, China is the largest economy in Asia. Japan is second, followed by India, South Korea...
Among Southeast Asian countries, Indonesia is in the top 5. Indonesia is ranked as the largest economy in Southeast Asia, with an expected size of 1,500 billion USD by 2025 and is still being driven by rich natural resources as well as a rapidly growing middle class.
Ranked 9th is Singapore, a country known for its financial services and strategic location with an economy expected to reach $562 billion.
Rounding out the top 10 are Thailand, a diversified economy expected to reach $545 billion, driven by growth in tourism and manufacturing. The Philippines, ranked 11th, has an economy projected to reach $508 billion, benefiting from a young workforce and a booming services sector.
Vietnam ranks 12th with an expected economic size of about 506 billion USD. It is expected that Vietnam's economy in 2024 can grow at 7%, among the few economies with high growth rates in the region and in the world.
Following Vietnam in the top 15 largest economies in Asia are Malaysia, Bangladesh and Iran respectively.
Source: https://baohaiduong.vn/viet-nam-vao-nhom-cac-nen-kinh-te-lon-nhat-chau-a-400824.html
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