5 Fastest Growing Countries in Asia

2. Vietnam

2023 Projected Real GDP Growth Rate According to IMF: 6.2%

Vietnam is a country in Southeast Asia that is expected to expand its economy by 6.2% in 2023 according to IMF projections. In recent years, Vietnam’s economy has expanded considerably as the country continues to develop. In 2022, the country’s GDP expanded by 8.02%, the fastest rate since 1997 as domestic retail sales were strong and as exports continued to grow. As more manufacturing moves to the country, Vietnam has the potential to increase its exports even further.