According to the Statistics Office, Vietnam posted one of the highest economic growth rates in the world, far outpacing developed, developing and regional economies, at 8.02 percent in 2025.

Vietnam’s GDP at current prices in 2025 is estimated at $514 billion, up $38 billion from 2024 ($476 billion).

This figure is significantly higher than the $459 billion estimate for Vietnam by the UK-based Centre for Economics and Business Research (CEBR).

In the report recently published by CEBR in the World Economic League Table (WELT), the UK independent economic analysis firm stated that Vietnam maintained a strong GDP growth rate, exceeding the global average and being among the highest in the Asia-Pacific region in recent years. However, CEBR also assessed Vietnam as a lower-middle-income country, with GDP per capita at purchasing power parity (PPP) estimated at $17,688 in 2025.

According to CEBR, Vietnam's GDP scale at current prices reached $459 billion in 2025, compared to $450 billion in 2024. Vietnam's economic scale still ranks 34th in the world, the same as in 2024, and is also forecast to remain unchanged in 2026.

Meanwhile, Malaysia's GDP scale improved by two positions from 37th to 35th in 2025, ranking one step behind Vietnam. Malaysia is forecast to hold the 35th position in 2026.

Thailand also moved up two places, from 30th to 28th in 2025, ranking six places above Vietnam, but is forecast to slip to 29th in 2026.

Singapore fell from 28th in 2024 to 29th in 2025 and is forecast to drop further to 30th in 2026.

Indonesia remains the largest economy in Southeast Asia, ranking 16th globally in 2024, 17th in 2025, and is forecast to return to 16th in 2026 and 2030.

When will Vietnam overtake Thailand and Singapore?

According to CEBR, Vietnam’s economic size will continue to improve strongly in the coming years. Vietnam’s economy is forecast to grow at an average rate of 5.3 percent per year over the next decade. By 2035, Vietnam’s GDP is projected to reach $994 billion, ranking 27th globally and surpassing both Thailand and Singapore.

In the same year, Singapore’s GDP is forecast at $864 billion, ranking 32nd globally, while Thailand’s GDP is projected at $839 billion, ranking 33rd. CEBR also forecasts that by 2040, the rankings of Vietnam, Thailand and Singapore will remain the same as in 2035. Vietnam’s GDP in 2040 is estimated to reach $1.407 trillion.

Indonesia is forecast to surge to 11th place globally by 2035 with GDP of $2.979 trillion, and continue climbing to eighth place by 2040, with GDP of around $4.182 trillion.