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Vietnam Set to Outpace Thai Economy by 2026

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Vietnam Set to Outpace Thai Economy by 2026

Analysts project Vietnam’s economy will grow strongly this year, possibly exceeding Thailand’s total GDP as it pushes major infrastructure projects and attracts investment. Its government is targeting sustained double-digit expansion in the coming years, while Thailand faces slower growth pressures. Public spending on railways, airports and industrial zones is a central pillar of Hanoi’s strategy. Economists believe Vietnam could become ASEAN’s third-largest economy behind Indonesia soon. As a result, living standards and GDP per capita are also expected to rise closer to regional peers.

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