The International Monetary Fund quotes Vietnam’s economic development. The Stomillion country was already able to post gross domestic product growth of 4.5 per cent in the first quarter this year, still a percentage point more than a year ago. And positive developments are set to continue.
According to the International Monetary Fund’s current outlook, Vietnam’s economy is set to strengthen by 6.5 percent this year, representing the second-highest growth rate of gross domestic product within countries ASEAN (Association of Southeast Asian Nations). The fastest of ASEAN countries should grow the Philippines this year, by 6.9 percent, according to the IMF. Meanwhile, the ASEAN average forecasts the Fund at 4.9 percent.
An even better outlook the International Monetary Fund divines Vietnam for 2022. Its economy is expected to accelerate growth up to 7.2 percent, making Vietnam the fastest-growing economy from ASEAN countries. Philippine gross domestic product will grow just 6.5 percent next year, Malaysian by 6, Indonesian by 5.8 and Thai by 5.6 percent. Above five percent, according to the Fund, Singapore will already be held, other ASEAN nations will already grow at a slower pace, according to the IMF.