Vietnam may become upper-middle-income country in 2023: Japanese centre
The Japan Centre for Economic Research has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035.
In its recent medium-term forecast of Asian economies, the Japanese centre addresses the impact of the COVID-19 pandemic and looks at how Asian economies are faring compared with others around the world.
In the standard scenario, the centre assumes that the pandemic is a transient event that will not affect economic structures over the medium term.
Vietnam is seen sustaining a growth rate of about 6 percent in 2035 thanks to strong exports. This would propel the Vietnamese economy past Taiwan’s in 2035 in terms of scale, and make it the second-largest economy in Southeast Asia after Indonesia.
Vietnam is poised to achieve upper-middle-income status in 2023, with per capita income headed for 11,000 USD in 2035./.
You should also see
Visitors flock to memorial commemorating Dien Bien Phu victory
Numerous groups from around the country have visited the Dien Bien Phu Historical Victory Museum, a repository of artefacts and documents about Vietnam’s resounding victory that echoed around the world.
See more
Videos
PM calls on ASEAN to pen strategic development vision
The Association of Southeast Asian Nations should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
Videos
Belgian museum houses thousands of Vietnamese artifacts
A large number of artifacts from various cultures around the world, including thousands of Vietnamese objects, are currently on display at the Royal Museum of Art and History in Belgium - an enticing cultural destination in the capital city of Brussels.
Videos
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore, according to the Vietnam Trade Office in Singapore.
Videos
Maintaining old crafts along Hanoi’s old streets
Traditional professions were a unique cultural feature of ancient Hanoi. In order to preserve this feature, the Management Board of Hoan Kiem Lake and Hanoi’s Old Quarter have held a series of cultural activities with the theme “Preserving ancient professions on the streets”, focusing on introducing Vietnamese traditional medicine on Lan Ong Street.
Videos
Rice exports gross nearly 1.4 billion USD in Q1
Vietnam exported more than 2.1 million tons of rice worth nearly 1.4 billion during the first quarter of the year, representing an increase of about 42% against the same period from last year, according to the Ministry of Agriculture and Rural Development.
