VietNamNet Bridge - Many Vietnamese have expressed doubts about the prediction that Vietnam is expected to become the 20th largest economy in the world by 2050, exceeding Thailand, Canada and Italy. The report with predictions about the 33 largest economies, which make up 85 percent of the world’s GDP, says Vietnam, India and Bangladesh would be the fastest-growing economies from now to 2050, with annual GDP growth rate of 5 percent on average. PwC’s researchers believe that by 2030, Vietnam’s GDP in PPP (purchasing power parity) would be the 29th in the world, valued at $1.303 trillion, while the figure would be $3.176 trillion by 2050. If so, Vietnam’s economy would surpass many other big economies such as Thailand, Canada and Italy. Many Vietnamese have expressed doubts about the prediction that Vietnam is expected to become the 20th largest economy in the world by 2050, exceeding Thailand, Canada and Italy. Dinh Thi Quynh Van, CEO of PwC Vietnam, … [Read more...] about Will Vietnam become the 20th largest economy by 2050?
Largest economies in the world
Hanoi (VNA) - The ASEAN Economic Community gets a lot of mention these days, but ASEAN’s journey of economic integration has actually been underway for decades. The economic linkages that bind ASEAN together have taken root through different channels over time. This includes different ASEAN countries sharing complementary roles in manufacturing, the improved ease in moving products across borders, and other mechanisms that facilitate the smoother flow of goods, services and capital, and skilled labour across the region. This contributes to the narrative of ASEAN being one of the most dynamic regions in the world, and a key contributor to world economic growth. Economic integration —and the doors of opportunity it opens— has brought concrete financial and economic benefits to hundreds of millions of people in ASEAN. If it were a single country, ASEAN would be the seventh largest economy in the world and the third largest in Asia. From 2007 to 2014, its combined GDP … [Read more...] about Bản in : The Journey to economic integration
The Hanoitimes - The data has been presented by the World Bank (WB) in the semiannual report of Global Economic Prospects (GEP). WB forecasted that the world economy will grow by 2.4% this year, lower than the 2.9% made in January of this year. According to WB, weak growth of developing economies, global trade and capital flows rotation are less active, that cause the lowering of financial institutions to forecast global growth. Vietnam is focusing on seven major commodity groups exported to the US market with a turnover of over US$1 billion, including textiles, footwear, wood and products from wood, computers, electronics and accessories, seafood, agricultural products as well as telephones and spare parts. TPP is expected to promote strong growth in trade value between its member countries, especially Vietnam. When TPP comes into effect, the export turnover of Vietnam to the US may increase by 20%. Vietnam should gradually change the structure of exports and enhance the accession … [Read more...] about Vietnam’s economy in 2016 will grow by 6.3%
(VOVworld) - PricewaterhouseCoopers (PwC), one of the world’s largest providers of tax and business consulting services, has predicted that by 2050 Vietnam will be among the 22 economies with the biggest GDP in the world. According to the report, with its current growth rate, Vietnam will rank 28th by 2030 and move 6 steps up by 2050. By 2030, China will take the leading position from the US. India will compete for second place with the US by 2050. The UK will drop out of the list of top 10 economies to 11th place and Germany will slip to 5th place. … [Read more...] about Vietnam to become 22nd biggest economy in the world by 2050
Vietnam ranked the tenth in a list of 26 countries with fastest growth on route to 2050, according to HSBC bank's publication, "The world to 2050", to announce top 100 largest economy in size in 2050. These 26 countries have low developing rate but reach great progress in improving their base economy, including China, India, Philippines, Malaysia, Bangladesh, Uzbekistan, Peru, Ecuador, Egypt. Top 100 leading largest economy on route to 2050 is divided into three parts, including fast growing economies with average annual growth rate of over 5%, growing economies with growth rate from 3% to 5% and stable economies with growth rate below 3%. It is expected that GDP of Vietnam will increase from US$647 to US$4,335 in 2050. Source: TBKTSG Translated by Nguyen Thao … [Read more...] about Vietnam listed in top 26 countries with fastest growth in the world