Sputnik cited a report by the Development Bank of Singapore (DBS) which predicts Vietnam’s economic growth will be 6-6.5% in the next decade thanks to a strong foreign direct investment inflow and productivity growth. Vietnam’s economy will grow bigger than Singapore’s in 10 years’ time if Vietnam is able to maintain that GDP growth rate.

It didn’t take as long as a decade for Vietnam’s economy scale to reach 343 billion USD in 2020, one of the 40 biggest globally and the fourth biggest in ASEAN, according to Sputnik. Vietnam’s economy has weathered the COVID-19 storm to keep growing, firmly securing its position in ASEAN’s top 4, after Indonesia, Thailand, and the Philippines.

According to Sputnik, Vietnam has proven its resilience and great export growth ability, its legacy for the future.