@origrhk111: RE: After surpassing the Philippines earlier, Vietnam now set to surpass Indonesia this Year in Terms of GDP per Capita Income After surpassing the Philippines in Gross Domestic Product (GDP) per Capita several Years ago, amazing Vietnam is now poised to surpass another Country, this time it's Indonesia in the same Metric soon, this according to no less than the International Monetary Fund (IMF) itself. The IMF in the October Version of their "World Economic Outlook" Report is projecting Vietnam's GDP per Capita to reach $5,259 which will then be higher than that of Indonesia which is projected to be $5,153. Indonesia has the biggest Economy in South East Asia (SEA) in Terms of GDP Size, but also has the biggest Population in SEA which dilutes their GDP per Capita. "Gross Domestic Product (GDP)" means all the Money that the Consumers and Government spent, plus all the Exports sold and Investments coming into a Country while "GDP per Capita" is simply the GDP divided by a Country's Population. These are Financial Indicators of how good or bad a Country's Economy is, and the higher it is, the better, and vice-versa, the lower it is then the worse. The IMF said that Vietnam's GDP per Capita this Year will be higher than later Year of 2025 by 8.9% and almost double what it was a Decade ago, or back in 2016. Just last Year Vietnam's GDP per Capita was lower than Indonesia by $250, but this Year they are expected to surpass Indonesia. If the Data holds true, then Vietnam will then be fifth overall in Terms of GDP per Capita in SEA, just behind Singapore, Brunei, Malaysia and Thailand. Vietnam's GDP grew by 9.95% in the third Quarter of this Year or from July to September 2026. Taiwan's famous Manufacturer Foxconn is expanding their Operations in Vietnam while South Korea's Samsung Electronics is making Smartphones and other Electronics in the Country. Vietnam is targeting their Economy to grow by at least 10% this Year and for their GDP per Capita to reach $8,500 by 2030, around the same level as that of Thailand now. SOURCE: https://e.vnexpress.net/news/business/economy/vietnam-set-to-overtake-southeast-asia-s-largest-economy-in-gdp-per-capita-this-year-5138797.html #vietnam #philippines #indonesia #grossdomesticproduct #gdp

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Saturday 07 November 2026 11:15:38 GMT