In mid-2024, the International Monetary Fund (IMF) stated that Vietnam’s GDP is projected to reach approximately $465.8 billion in 2024, ranking fifth in the region behind countries such as Indonesia ($1.47 trillion), Thailand ($548.89 billion), Singapore ($525.22 billion), and the Philippines ($471.5 billion). Globally, Vietnam’s economic size is expected to rise by one position, placing 34th in 2024.
The IMF forecasts that Vietnam’s economy will surpass $500 billion by 2025. Notably, the organization’s experts predict that by 2029, Vietnam’s GDP could exceed that of Singapore.
For 2025, the Vietnamese government aims for GDP growth of approximately 6.5–7%, with efforts to achieve a higher rate of 7–7.5% to rank 31st–33rd globally in terms of GDP size by the end of 2025.
The GDP per capita is expected to reach around $4,900, with the share of the manufacturing and processing industry in GDP projected at approximately 24.1%. The average CPI growth rate is targeted at about 4.5%, while the average labor productivity growth rate is anticipated to be 5.3–5.5%.
