Vietnam's dramatic growth over 50 years

GDP grew 51-fold from 1994, with Apple and Samsung being major driving forces

ATSUSHI TOMIYAMA

Vietnam celebrated the 50th anniversary of the end of the Vietnam War on April 30. Of the world's five remaining communist countries, Vietnam has been the second-fastest growing economy after China.

According to the International Monetary Fund, Vietnam's gross domestic product, in local currency terms, was 51 times larger in 2024 than in 1994, the highest growth rate among ASEAN members.

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