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Vietnam among Asia’s 15 largest economies
The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some $506 billion in 2025.
Seasia Stats highlighted Vietnam’s rapid development driven by explosive manufacturing growth and foreign investment.
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Container trucks seen at Tan Vu Terminal in Hai Phong City. |
While China remains the continent's largest economy, followed by Japan and India, Vietnam has distinguished itself as a rising economic force in Southeast Asia.
The country, positioned 12th in the regional ranking, is projected to achieve 7% economic growth in 2024, a remarkable rate that makes it among the fastest-growing economies in the region and the world.
Indonesia leads the Southeast Asian region with an anticipated economic size of $1.5 trillion in 2025, buoyed by rich natural resources and a rapidly expanding middle class.
Singapore, at the ninth place, has been renowned for its financial services sector and strategic geographical position. The country’s economic output is projected at $562 billion.
Thailand and the Philippines came next, with projected economic sizes of $545 billion and $508 billion, respectively. These nations benefit from diverse economic drivers, including tourism, manufacturing, and a dynamic young workforce.
Other regional peers in the top 15, standing behind Vietnam, are Malaysia, Bangladesh and Iran.
Singapore's property developer Keppel eyes to expand its investment in Vietnam to contribute to the country's sustainable development.
BAC GIANG - Since the beginning of this year, the northern province of Bac Giang has granted new investment registration certificates to 65 foreign direct investment (FDI) projects with a total registered capital of nearly 460 million USD.
The 15th National Assembly on Saturday passed a resolution on the investment policy for the North-South high-speed railway project with 443 out of 454 deputies voting in favor.
Vietnam’s goal is not only to participate in the global value chain but also to build an advanced and attractive semiconductor industry ecosystem in the region and the world, which will help the country achieve self-reliance and sustainable development in this field. Currently, Vietnam has met the necessary conditions to be ready to welcome and cooperate with enterprises and investors from all over the world in the semiconductor industry.
BAC GIANG - The Industrial Parks Management Board (IPMB) in Bac Giang province has just granted investment registration certificates to two projects with a total registered capital of 83 million USD.
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