Business

Vietnam among Asia’s 15 largest economies

The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.

Vietnam is positioned 12th in the regional ranking. (Photo: Seasia Stats)
Vietnam is positioned 12th in the regional ranking. (Photo: Seasia Stats)

Hanoi (VNA) – The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.

Seasia Stats highlighted Vietnam’s rapid development driven by explosive manufacturing growth and foreign investment.

While China remains the continent's largest economy, followed by Japan and India, Vietnam has distinguished itself as a rising economic force in Southeast Asia. The country, positioned 12th in the regional ranking, is projected to achieve 7% economic growth in 2024, a remarkable rate that makes it among the fastest-growing economies in the region and the world.

Indonesia leads the Southeast Asian region with an anticipated economic size of 1.5 trillion USD in 2025, buoyed by rich natural resources and a rapidly expanding middle class.

Singapore, at the ninth place, has been renowned for its financial services sector and strategic geographical position. The country’s economic output is projected at 562 billion USD.

Thailand and the Philippines came next, with projected economic sizes of 545 billion USD and 508 billion USD, respectively. These nations benefit from diverse economic drivers, including tourism, manufacturing, and a dynamic young workforce.

Other regional peers in the top 15, standing behind Vietnam, are Malaysia, Bangladesh and Iran./.

VNA
#Seasia Stats #top 15 economies in Asia #Vietnam #manufacturing growth #foreign investment
Follow VietnamPlus

Vietnam - New era

Related News

Trade activities at Cat Lai port in Ho Chi Minh City (Photo: VNA)

Vietnam’s GDP growth poised for robust growth in 2024: officials

With just days remaining in 2024, the Vietnamese economic landscape looks promising, with the GDP growth expected to exceed the set target of 7% thanks to concerted efforts by ministries and sectors, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

Prime Minister Pham Minh Chinh delivers a report at the ongoing 8th session of the 15th National Assembly in Hanoi on October 21. (Photo: VNA)

GDP growth target of over 7% needs greater efforts: PM

Prime Minister Pham Minh Chinh called for greater efforts to achieve the annual GDP growth target of over 7%, while delivering a report on the implementation of the 2024 socio-economic development plan and another for 2025 at the ongoing 8th session of the 15th National Assembly in Hanoi on October 21.

See more

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.

At a commune administrative service centre in Hung Yen province (Photo: VNA)

Government determined to cut administrative procedures to drive double-digit growth

Resolution No. 258/NQ-CP, dated August 31, 2026, calls for substantive and comprehensive reform, with a focus on maximum cuts and simplification of administrative procedures and business conditions. It also seeks to shift management from pre-licence inspection to post-licence inspection based on risk management, while strengthening real-time, data-driven oversight and putting people and businesses at the centre of public services.

(Illustrative photo: VNA)

Vietnam eyes entry into 40-billion-USD Southeast Asian CCS market: experts

A clear, transparent and stable legal framework would not only enable Petrovietnam to play a leading role in new energy development but also strengthen investor confidence, encouraging both domestic and foreign enterprises to invest, transfer technology and cooperate in developing large-scale CCS projects.

Durian is stockpiled at a company warehouse in Dong Gia Nghia ward, Lam Dong province, for sorting and distribution to the market. (Photo: VNA)

Vietnam targets durian exports of around 4 billion USD in 2026

In the first eight months, Vietnam's durian export revenue was estimated at 1.95 billion USD, of which exports to China alone fetched 1.85 billion USD or 95%. The country is working very hard to earn 4 billion USD from durian exports this year.

Minister of Finance Ngo Van Tuan grants an interview to Vietnam News Agency correspondents in Russia. (Photo: VNA)

Vietnam businesses poised to tap opportunities in Russia’s Far East: minister

Following the elevation of bilateral ties to a comprehensive strategic partnership and the entry into force of the Vietnam-Eurasian Economic Union Free Trade Agreement, Vietnam-Russia trade increased by an average of 10.8% annually during 2016-2025. However, it reached only about 4.7 billion USD in 2025, remaining modest compared to the two countries' potential and strong political ties.