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According to data from the International Monetary Fund (IMF), in 1991, Vietnam’s GDP was approximately $140, ranking 185th out of 188 countries globally. By 2024, Vietnam’s average GDP reached around $4,649, climbing to the 120th position worldwide. This marks a nearly 33-fold increase and a 65-place jump in global rankings compared to 1991.
Vietnam’s Average GDP from 1991 to 2024 and Forecast for 2025. Source: IMF.
According to the latest IMF forecast, Vietnam’s average GDP in 2025 is expected to reach approximately $4,744, maintaining its 120th global ranking.
As outlined in the Draft Political Report of the 13th Central Committee of the Communist Party of Vietnam for the 14th National Congress, the goal is to achieve an average GDP growth rate of 10% or higher annually from 2026 to 2030. By 2030, the target is for Vietnam’s average GDP per capita to reach approximately $8,500.
During the National Assembly session on November 13, the Resolution on the 2026 Socio-Economic Development Plan was adopted. The resolution aims for a GDP growth rate of 10% or higher, with average GDP per capita reaching $5,400-$5,500. The share of the manufacturing and processing sector in GDP is projected to be around 24.96%, and the average consumer price index (CPI) growth rate is expected to be approximately 4.5%.
Within ASEAN, in 2024, Singapore leads with the highest average GDP at approximately $89,369. Brunei follows in second place with an average GDP of around $34,871, and Malaysia ranks third with an average GDP of approximately $13,142.
Thailand holds the fourth position with an average GDP of about $7,527, while Indonesia ranks fifth with an average GDP of around $4,980. Vietnam’s average GDP places it sixth. The remaining countries are the Philippines ($4,153), Cambodia ($2,744), Laos ($1,945), East Timor ($1,454), and Myanmar ($1,179).
Average GDP of ASEAN Countries in 2024 and Forecast for 2025. Source: IMF.
According to the latest IMF forecast, in 2025, Singapore will maintain the highest average GDP at approximately $94,480. Brunei will follow with an average GDP of around $33,858, and Malaysia will rank third with an average GDP of approximately $13,900.
Thailand will hold the fourth position with an average GDP of about $7,942, while Indonesia will rank fifth with an average GDP of around $5,074. Vietnam’s average GDP will remain in sixth place. The remaining countries are the Philippines ($4,320), Cambodia ($2,812), Laos ($2,174), East Timor ($1,507), and Myanmar ($1,097).
Vietnam Seizes Unprecedented Opportunity to Realize Bold Ambitions in Air Logistics
On the morning of December 3, 2025, Ho Chi Minh City witnessed a landmark event: the signing of a strategic partnership agreement between CT Strategies (USA), Saigon Real Estate Management and Investment JSC (SGMI), and Minh Triết Capital. This collaboration aims to revolutionize the aviation logistics sector in Vietnam, marking a significant milestone for the industry’s future.
Vietnam’s Economy: Why 2025 Growth is Poised to Outshine the Region?
With a remarkable GDP growth rate of 8.23% in Q3 2025, Vietnam solidifies its position as the leading economy among the six largest nations in the Association of Southeast Asian Nations, outpacing Thailand, Indonesia, Malaysia, the Philippines, and Singapore.
EU Names Vietnam ASEAN’s Top Destination, Pledges to Boost High-Quality Investment
At the Prime Minister’s meeting on November 27th, nearly 40 leading EU businesses reaffirmed Vietnam’s status as a strategic destination, citing its high growth, macroeconomic stability, and rapid green and digital transformation. They pledged to expand investments and support efforts to lift the IUU “yellow card.”
Prime Minister Visits and Engages with Africa’s Largest Stock Market
On the morning of November 21st (local time, afternoon of the same day in Hanoi), as part of his attendance at the G20 Summit and bilateral activities in South Africa, Prime Minister Pham Minh Chinh met with Leila Fourie, CEO of the Johannesburg Stock Exchange (JSE). He also visited and opened the trading session at the Johannesburg Stock Exchange.
Secretary General To Lam Meets with Luxshare-ICT Group Leadership (China)
On the afternoon of November 15th, at the Communist Party of Vietnam’s Central Headquarters, General Secretary Tô Lâm received Mr. Wang Laisheng, Vice Chairman of Luxshare-ICT Group, China.
