Singapore attracts foreign investments with a zero-tolerance policy toward corruption, low tax rates, and a skilled workforce. Low tax rates also make the country a tax haven for the wealthy.
GDP per capita, Purchasing Power Parity, 2021 – Country rankings:
|Countries||GDP per capita, PPP, 2021||Global rank|
Singapore is one of the most advanced countries in Asia. It has a huge knowledge-based economy, which makes Singapore influential in terms of global output of knowledge-and-technology-intensive industries.
Even though it is the smallest country in Southeast Asia, with a land area of about 270 square miles (700 square kilometers), Singapore perennially ranks near the top of world rankings by GDP per capita, level of education and ease of conducting business.
List of the top 10 richest countries in AsiaSingapore, the richest country in Asia.Qatar, the 2nd wealthiest country in Asia.Israel, the 3rd wealthiest country in Asia.United Arab Emirates (UAE)Brunei.Kuwait.Japan, the 7th richest Asian country.South Korea.
List of Southeast Asian countries by GDP
The top 10 richest countries in Asia, ranked by GDP per capita, are Singapore, Qatar, Israel, the United Arab Emirates, Brunei, Kuwait, Japan, South Korea, Saudi Arabia, and Bahrain.
Total Wealth in 2021: $1,766 trillion
Singapore, officially referred to as the Republic of Singapore, is a maritime Southeast Asian country.
The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022.
Land area in sq. km, 2020 – Country rankings:
|Countries||Land area, 2020||Global rank|
Southeast Asia is composed of eleven countries of impressive diversity in religion, culture and history: Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
North Korea. North Korea may actually be the poorest country in Asia, but the nation's notoriously secretive government rarely shares its data, so economists much rely upon expert estimates. Poverty in North Korea is attributed to poor governance by the totalitarian regime.
Poorest Countries in AsiaTimor-Leste.Bangladesh. GDP Per Adult in 2021: $3,333.Uzbekistan. GDP Per Adult in 2021: $3,063.Cambodia. GDP Per Adult in 2021: $2,538.Pakistan. GDP Per Adult in 2021: $2,366.Kyrgyzstan. GDP Per Adult in 2021: $2,126.Yemen. GDP Per Adult in 2021: $2,073.Myanmar. GDP Per Adult in 2021: $1,973.
Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
Seek a rustic and authentic experience: Vietnam is less developed than Thailand. Natural scenery, ethnic charm, and ancient towns are the main highlights.
Some people include Vietnam—a Southeast Asian country geographically—as part of East Asia, as it is always considered part of the Chinese cultural sphere. North Vietnam (including Hanoi) has a subtropical climate and at times may be influenced by cold waves, which also differs from most of Southeast Asia.
Total Wealth in 2021: $1,766 trillion
Singapore, officially referred to as the Republic of Singapore, is a maritime Southeast Asian country. Despite facing initial challenges and having limited natural resources, the nation swiftly progressed to become one of the prominent Four Asian Tigers.
As a result, Myanmar ranks among the least developed countries in the world. In 2021, its GDP per capita stood at $1,973, making it one of the poorest countries in Asia.
The World Bank In Vietnam. Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
Vietnam has a GDP per capita of $8,200 as of 2020, while in India, the GDP per capita is $6,100 as of 2020. In Vietnam, 3.1% of adults are unemployed as of 2018. In India, that number is 8.5% as of 2017. In Vietnam, 6.7% live below the poverty line as of 2018.
In terms of GDP per capita, for many years, Thailand's GDP has always been larger than that of Vietnam. Specifically, in the period 2018-2021, Thailand's average GDP (7,800 USD/year) is about 3 times that of Vietnam (2,740 USD/year).
Economy of Vietnam
|Country group||Developing/Emerging Lower-middle income economy|
|GDP||$449.09 billion (nominal; 2023 est.) $1.450 trillion (PPP; 2023 est.)|
|GDP rank||34th (nominal; 2023 est.) 26th (PPP; 2023 est.)|
Economy. Vietnam has a GDP per capita of $8,200 as of 2020, while in Indonesia, the GDP per capita is $11,400 as of 2020.
Vietnam and Thailand are both wonderful tourist destinations that provide travelers with distinct experiences. While Thailand is well-known for its beaches, temples, and nightlife, Vietnam, with its rich history, diversified culture, and spectacular natural beauty, provides a more true and traditional experience.
HanoiVietnam / Capital