Vietnam is expected to rank among the world’s 30 fastest-growing economies in both trade expansion speed and absolute volume by 2030, according to a report from German logistics leader DHL, as cited by The Business Times and the Vietnam News Agency.
The report highlights Southeast Asia as a hotspot for accelerated trade growth over the next five years, with Vietnam, Indonesia, and the Philippines leading the region’s economic momentum.
Vietnam’s trade volume is projected to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period. In 2024, the country’s foreign trade reached an all-time high of $786.29 billion, reflecting a 15.4% increase compared to the previous year.
With its dynamic economic performance and strong trade outlook, Vietnam continues to solidify its position as a key player in global commerce and a driving force in regional economic development.
Related
Discover more from Vietnam Insider
Subscribe to get the latest posts sent to your email.
Source: Vietnam Insider