Vietnam to overtake Indonesia in per capita GDP in 2026: IMF

What happened: The IMF expects Vietnam's per capita GDP to overtake Indonesia's in 2026, as Vietnam increasingly becomes an alternative to China for high-tech manufacturing including semiconductors and electronics. Key numbers: 2026 is the expected year for Vietnam to surpass Indonesia in per capita GDP. Why it matters: The shift reflects Vietnam drawing high-tech manufacturing from Foxconn and Samsung, with the government's large public investments also cited as a factor behind its growth.

The IMF expects Vietnam's per capita GDP to overtake Indonesia's in 2026, as Vietnam increasingly becomes an alternative to China for high-tech manufacturing including semiconductors and electronics.

The shift reflects Vietnam drawing high-tech manufacturing from Foxconn and Samsung, with the government's large public investments also cited as a factor behind its growth.