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The Nexus
BUSINESSJun 16 · 07:00 UTCFORTUNENicholas Gordon

Vietnam’s economy is one of the fastest-growing in the world. Can it make the leap into the ranks of middle-income countries?

Vietnam's economy grew 8% last year, surpassing Malaysia and the Philippines, with a GDP of $527 billion. The country aims to achieve 10% annual growth by 2030 and high-income status by 2045, supported by sectors like manufacturing, real estate, and tourism. VinFast's electric vehicles and a U.S. tariff agreement are key factors in its economic momentum.

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