VN forecast to lead economic growth next decade

04:24' PM - Friday, 24/05/2019

The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%, according to a research note on May 12 from Madhur Jha, Standard Chartered’s India-based head of thematic research, and global chief economist David Mann.

That’ll be a boon to per-capita incomes, with Viet Nam’s soaring to US$10,400 in 2030 from about US$2,500 last year, they estimate.

According to the research note, India, Bangladesh, Viet Nam, Myanmar and the Philippines should all meet that benchmark.

Ethiopia and Côte d’Ivoire are also likely to reach the 7% growth pace, which typically means a doubling of gross domestic product every ten years.

That’ll be a boon to per-capita incomes, with Viet Nam’s soaring toUS$10,400 in 2030 from about US$2,500 last year, they estimate.

That’ll be a boon to per-capita incomes, with Viet Nam’s soaring to US$10,400 in 2030 from about US$2,500 last year, they estimate.

The Asian dominance of the list is a change from 2010, when the bank first started tracking the economies it expected to grow by around 7%. Back then, there were ten members evenly split between Asia and Africa: China, India, Indonesia, Bangladesh, Viet Nam, Nigeria, Ethiopia, Tanzania, Uganda, and Mozambique./. - Source: chinhphu.vn -

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