Hanoi, July 2 -- According to the WB's annual country classification released on July 1, Viet Nam's GNI per capita increased from US$4,490 in 2024 to US$4,970 in 2025, lifting the country from the lower-middle-income to the upper-middle-income category.
The bank attributed Viet Nam's reclassification to its strong economic growth and export performance. During 2024-2025, exports expanded by more than 15 percent, while GDP grew by 7 percent in 2024 and 8 percent in 2025.
Over the 2021-2025 period, Viet Nam's GNI grew at an average annual rate of 10 percent, which the WB experts described as "one of the strongest sustained growth rates in the region."
Viet Nam has set a goal of becoming a developing country with modern industry and upper-m...