Report CEBR Forecasts Vietnam as Second-Largest Southeast Asian Economy by 2036

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In the "World Economic League Table 2022," the Center for Economic and Business Research (CEBR) has projected significant economic growth for Vietnam. By 2036, Vietnam is expected to emerge as the second-largest economy in Southeast Asia, after Indonesia, and rank as the 20th-largest economy globally.

 

The report highlights Vietnam's remarkable economic transformation, attributing much of its success to the Doi Moi reforms initiated in the mid-1980s, which aligned with favorable global trends. These factors have driven Vietnam's transition from a low-income country to a lower-middle-class one, with a purchasing power parity adjusted GDP per capita of approximately $11,608 as of 2021.

 

Vietnam's ambition to reach high-income status by 2045 hinges on maintaining an average annual growth rate of about 5% per capita. However, it faces considerable challenges, including an ageing population and diminishing global trade. To navigate these hurdles, Vietnam must enhance policy implementation, particularly in sectors vulnerable to automation and climate change.

 

CEBR's forecast suggests that Vietnam's economic ranking will significantly improve, leaping from 41st in 2021 to 20th in 2036. This growth underscores the nation's potential in the global economic landscape, provided it strategically addresses the forthcoming challenges.

 

  Adapted by ASEAN Now from VN Express 2025-05-01