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Vietnam’s economy will rank the world’s 17th in 2025

by 12 October 2015 Last updated at 15:07 PM

VTV.vn - The US investment bank Goldman Sachs recently forecast that Vietnam`s economy will be ranked 17th in 2025.

The US investment bank Goldman Sachs recently forecast that Vietnam`s economy will be ranked 17th in 2025 with GDP of 450 billion USD.

On October 8, the Los Angeles Times website said Vietnam currently ranks 55th in the world, with total gross domestic product (GDP) of 186 billion dollars so far. Vietnam is one of 12 countries involved in the Trans-Pacific partnership (TPP) negotiations, which just ended a few days ago.

This will create favourable conditions for Vietnam to export goods with zero tariff rates to a broad market, including countries in the bloc, which currently accounts for 2/5 of global trade. When the TPP takes effect, Vietnam will likely witness a boom in the export of garments and footwear.

In 2014, the economic growth of Vietnam reached 6%. Since Vietnam opened the market to foreign investment, the growth rate of 5-10% has been reached every year.

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