It forecasts that Vietnam will move swiftly up the WELT rankings, from 34th position in 2023 to 24th in 2033 and 21st in 2038 while the Philippines will reach 23rd place by 2038.

Vietnam among world's top 25 economies by 2038: UK think tank.

In its freshly released WELT rankings, CERB said Vietnam and the Philippines are notable illustrations for the group of countries anticipated to enhance their standing by developing their positioning within the global value chain, implementing domestic reforms and improving the productivity which can achieved through the efficient molisation of public and private capital.

It emphasised that both countries have demonstrated significant progress and are expected to climb 10 and 13 positions, respectively, by 2038, with full opportunities to join the top 25 economies in the world.

CEBR also forecast a positive outlook for Vietnam over the next 15 years. With its population advantage, the country can likely achieve its goal of becoming a high-income country by 2045. With a large and relatively young population, Vietnam has a chance to surpass most countries in the Association of Southeast Asian Nations (ASEAN), behind only Indonesia, to be among the world’s top 25 economies by 2038.

Vietnam post-Covid-19: Macro-economy stable, major balances guaranteed

Vietnam’s economy has steadily regained its growth momentum following the Covid-19 pandemic. Its growth rate, though short of expectations, remains at the top among developing and emerging countries, with GDP in 2023 estimated at some 435 billion USD.

PM Pham Minh Chinh receives Japan’s minister of economy

Prime Minister Pham Minh Chinh received Japanese Minister of Economy, Trade and Industry Nishimura Yasutoshi in Hanoi on November 3, affirming that Vietnam always views the Northeast Asian country as a trustworthy, leading important and long-term partner.

Vietnamese, Dutch PMs attend high-tech business, green economy forums

Prime Minister Pham Minh Chinh and his Dutch counterpart Mark Rutte attended the Vietnam-Netherlands High-tech Business Forum and the 2023 Green Economy Forum (GEF) in Hanoi on November 2.

Bac Giang’s economy "takes off"

BAC  GIANG - The internal and external transport system are gradually improved synchronously, opening the way to connect other fields, creating motivation for socio-economic development. Thanks to that, the northern province of Bac Giang has gained positive achievements, affirming its important position on the industrial map of the region and the whole country.

Belt & Road Forum: President Thuong suggests digital economy cooperation pillars

President Vo Van Thuong suggested three pillars for cooperation in digital economy while addressing the third Belt and Road Forum for International Cooperation (BRF) in Beijing, China, on October 18.

Source: VNA