“In 1990, Vietnam’s GDP stood at only around $6.5 billion, close to one-eighth of the Philippines’ roughly $50.5 billion economy. Vietnam’s per capita income was then about $120, only around one-sixth to one-seventh of the Philippines’ level of more than $800.”
“The gap remained substantial in 2000, when Philippine GDP reached nearly $84 billion, almost three times Vietnam’s figure of more than $31 billion…”
“According to IMF estimates, Vietnam’s GDP reached around $514 billion in 2025, compared with approximately $487 billion for the Philippines.”
“That same year, Vietnam officially entered the World Bank’s upper-middle-income group, with gross national income per capita reaching $4,970, providing a foundation for its ambition to become a high-income country by 2045…”
“While the Philippines was once one of Southeast Asia’s leading exporters, its merchandise exports reached nearly $84.5 billion in 2025, compared with $473 billion for Vietnam…”
“Compared with other countries in the region, Vietnam ranked fourth in Southeast Asia by GDP in 2025, with an economy of more than $514 billion and steadily closing the gap with Thailand and Indonesia.”
“Its GNI per capita ranked sixth in the region and was also approaching Indonesia’s level, at $4,970 compared with $5,120…”
https://vietnamnet.vn/en/vietnam-s-gdp-surpasses-philippines-closes-in-on-thailand-2551637.html