Top News
Vietnam to be among top 50 economies by 2050: HSBC
HSBC predicts that Vietnam will be among the top 50 economies within the next few decades as many other emerging markets are set to take the lead in the global economy.
“Vietnam, like many of its rapidly growing neighbors, will see strong economic expansion during the next 40 years, with annual GDP growth expected to top 5 per cent,” the Business Insider cited HSBC as saying. The bank predicted the size of the economy will expand to $451 billion by 2050.
According to the Business Insider, HSBC ranked Vietnam at 41, one place higher than Singapore.
The bank expects China to surpass the US as the world's biggest economy by 2050, with India following right behind at number 3.
HSBC said of the top 30 economies by GDP, 19 will be countries currently described as emerging.
Indonesia, Malaysia and Thailand have been ranked 16th, 20th and 22nd, respectively. HSBC said as their education and policy systems develop, these economies will make substantial strides up the global economic ladder.
Latest News
- EuroCham Index pessimistic about business outlook (May 21, 2012)
- Vietnam is missing out on FDI boom (May 21, 2012)
- FDI property figures just a mirage (May 21, 2012)
- Quang Tri to host mid-year consultative meeting (May 17, 2012)
- Coal exports to fund Vinacomin: official (May 16, 2012)
- Rice farmers enjoy government benefits (May 16, 2012)
- HCM City attracts more FDI projects (May 15, 2012)
- Malaysia pours investment into wind energy project in Ninh Thuan (May 15, 2012)
- Ho Tram ready to roll dice (May 14, 2012)
- Attractive summer beaches in Vietnam (May 13, 2012)
More News
- Tata Power to plug energy gap (Jan 16, 2012)
- Vietnam among top destinations for Asian tourists (Jan 14, 2012)
- Governor: Vietnamese dong increases its attractiveness (Jan 13, 2012)
- NA Chairman hails Mexican Senate President’s visit (Jan 12, 2012)
- Public decries plan to impose fees on vehicles (Jan 10, 2012)
- Software park has licence revoked (Jan 09, 2012)
- Berjaya Vietnam gets stern ultimatum (Jan 09, 2012)
- Vietnam leads ASEAN timber exporters (Jan 08, 2012)
- Mekong Delta lures nearly $10 billion in FDI (Jan 06, 2012)
- Ministry to foster anti-transfer pricing inspections (Jan 05, 2012)
Vietnam’s business outlook has left European enterprises little to cheer about.