Business · Vietnam Bureau
Vietnam poised to overtake Indonesia in GDP per capita by 2026
Vietnam is expected to surpass Indonesia in GDP per capita next year, positioning itself as ASEAN's fifth-largest economy by this metric. The milestone reflects Vietnam's sustained industrial expansion and growing foreign investment.
LSN Vietnam ·
Vietnam's GDP per capita is projected to reach $5,259 in 2026, exceeding Indonesia's anticipated $5,153, according to recent economic assessments. This advancement would elevate Vietnam to fifth place within ASEAN, trailing only Singapore, Brunei, Malaysia, and Thailand in per-capita income rankings.
The growth trajectory reflects Vietnam's continued momentum in processing and manufacturing sectors, which remain the primary engines of industrial expansion. The country has maintained competitive advantages in attracting foreign direct investment through sustained policy reforms and infrastructure development.
Recent trade agreements are expected to accelerate this growth. Vietnam's deal with the European Free Trade Association (EFTA) is opening pathways to advanced European manufacturing technologies, enhancing the country's industrial capabilities and export competitiveness.
The Autumn Economic Forum 2026 underscores Vietnam's strategic pivot toward sustainable development, with emphasis on green logistics and advanced manufacturing practices. These initiatives aim to support long-term economic resilience while addressing environmental concerns tied to rapid industrialization.