A production line for export packaging. (Photo: Tuan Anh/VNA)
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According to Seasia Stats, Vietnam is among the top 15 largest economies in Asia and is projected to reach approximately $506 billion in size by 2025.
The Vietnamese government also sets high expectations with a target GDP growth rate of 8% for 2025.
“Vietnam is developing rapidly, thanks to the booming manufacturing and foreign investment trends,” emphasized Seasia Stats.
In Seasia’s ranking, China tops the list as Asia’s largest economy. Japan comes in second, followed by India, South Korea, and Indonesia as the largest economy in Southeast Asia. Indonesia’s economy is expected to reach $1,500 billion by 2025, driven by its abundant natural resources and rapidly growing middle class.
Singapore, renowned for its financial services and strategic location, ranks 9th with a projected economic size of $562 billion. Thailand, with its diverse economy, is also in the top 10, expected to reach $545 billion, driven by tourism and manufacturing.
The Philippines, benefiting from a young workforce and a thriving services sector, ranks 11th with a projected economic size of $508 billion. Vietnam, with its consistent economic growth, secures the 12th position with an expected economic size of around $506 billion by 2025.
Completing the top 15 largest economies in Asia are Malaysia, Bangladesh, and Iran, showcasing the diverse and dynamic nature of the region’s economic landscape.
Nguyen Tho Anh
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