Tuesday, 02 January 2024 12:17 GMT

Vietnam Sets Goal to Rank Among Top 30 Global Economies


(MENAFN) Vietnam has announced a strategic target to rank among the world’s top 30 economies and become the third-largest economy within the ASEAN region by 2030, Deputy Prime Minister Nguyen Hoa Binh revealed on Monday.

Speaking to media, Binh emphasized the country’s commitment to maintaining a strong economic expansion, aiming for an average annual GDP growth rate of 10 percent or higher throughout the 2026-2030 period. This ambitious goal reflects Vietnam’s focus on accelerating development and increasing its economic standing on the global stage.

In addition to overall GDP growth, Binh highlighted that the country’s GDP per capita is projected to rise to around 8,500 U.S. dollars by 2030, signaling improved living standards and enhanced economic prosperity for its population.

Backing these optimistic projections, recent data from the National Statistics Office showed Vietnam’s GDP expanded by 7.85 percent year-on-year during the first nine months of 2025, demonstrating strong momentum as the country approaches its long-term targets.

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