Vietnam’s average economic output per person is set to overtake Indonesia’s, according to the International Monetary Fund.
Gross domestic product per capita, which provides a snapshot of a country’s standard of living, is projected to rise 8.9 per cent to US$5,259 in Vietnam this year – nearly double the figure a decade earlier and overtaking Indonesia’s US$5,153.
This would also rank Vietnam fifth among members of the Association of Southeast Asian Nations, behind Singapore, Brunei, Malaysia and Thailand.