Vietnam in the list of 15 largest economies in Asia

Attracting FDI is a bright spot in Vietnam's economic development.

Also according to Seasia's ranking, China is the largest economy in Asia. Japan is second, followed by India, South Korea... Among Southeast Asian countries, Indonesia is in the top 5.

The Ministry of Planning and Investment said that in 2024, the macro economy will continue to be stable, inflation will be controlled below 4%, economic growth will be promoted, and major balances of the economy will be ensured. Deficit, public debt, government debt, and foreign debt will be lower than the allowed target. The monetary market and exchange rate will be basically stable, and interest rates will continue to decrease compared to 2023...

FDI attraction is a bright spot in Vietnam's economic development. In 2024, Vietnam will be among the 15 developing countries attracting the largest FDI in the world; FDI attraction will reach 31 billion USD (as of November 2024), realized FDI capital will reach 20.4 billion USD, an increase of 7%, the highest in the 5-year period (2020 - 2024).

Prestigious international organizations have positively assessed Vietnam's socio-economic development prospects thanks to its openness to foreign investment to continue to "stand out from its competitors". Vietnam has many free trade agreements, including new-generation free trade agreements, attracting FDI with better labor, electricity connections and logistics infrastructure.

In 2025, Vietnam's economic outlook is forecast to be very positive. FDI attraction will continue to increase strongly thanks to Vietnam's strategic location, young workforce and increasingly improved business environment. Import and export trade activities continue to improve, especially in the electronics, textile and agricultural sectors. Digital economic development is expanding with the increased application of digital technologies and e-commerce...

According to Seasia Stats, by the end of 2024, Vietnam is estimated to achieve a GDP growth rate of over 7%, placing it among the countries with the highest growth in the region and the world. Looking forward to 2025, the Government has set a GDP growth target of about 8%, higher than the 6.5-7% target previously approved by the National Assembly.

According to vtv.vn

Source: https://baokhanhhoa.vn/kinh-te/202504/viet-nam-vao-danh-sach-15-nen-kinh-te-lon-nhat-chau-a-7e21363/