A corner of Ho Chi Minh City (Photo: VNA)Hanoi (VNA) – Vietnam’s economy isexpected to move to the 19th position in the rankings of the World EconomicLeague Table in 2035, according to the Centre for Economics and BusinessResearch (CEBR).
In its World Economic League Table 2021 releasedrecently, CEBR said that Vietnam’s annual rate of GDP growth is forecast topick up to an average of 7 percent between 2021 and 2025.
Over the subsequent ten years, CEBR forecasts thatthe Vietnamese economy will expand by 6.6 percent on average each year. Thenext 15 years are set to see Vietnam climb rapidly up the rankings of the WorldEconomic League Table and its position will move from 37th in 2020to 19th in 2035.
Vietnam has so far had a more contained COVID-19outbreak than has been observed elsewhere in the world, the centre said, addingthat despite the pandemic, the economy was able to escape a contraction in2020.
Vietnam’s gross domestic product (GDP) grew by 2.91percent this year, statistics released by the General Statistics Office (GSO)showed.
Though the figure was the lowest during the2011-2020 period due to the adverse impacts from the COVID-19 pandemic,Vietnam’s growth remains among the world’s highest.
Specifically, the country’s GDP expanded by 3.68percent in the first quarter, 0.39 percent in the second quarter, 2.69 percentin the third quarter and 4.48 percent in the fourth quarter./.
VNA
