Vietnam has been listed among the world's top 30 powerful countries in 2022 by US News & World Report.
Vietnam is located in Southeast Asia and is one of the most powerful Asian countries as of 2023. It is frequently regarded as one of the next major manufacturing powerhouses as supply chains shift from China. In this respect, Vietnam is expected to significantly multiply its GDP in the next 30 years.
Vietnam is ranked 19 of 145 out of the countries considered for the annual Global Firepower review. The nation holds a Power Index score of 0.2855 with a score of 0.0000 being considered exceptional in the GFP assessment.
China, the most powerful Asian country
China is without a doubt the most powerful country in Asia. With a population of over 1.4 billion China is the second most populated country in the world.
The US News & World Report's ranking of the most powerful countries in the world in 2022 has shown that Vietnam ranks 30th with a GDP of 363 billion USD and a population exceeding 98.2 million people. Other Asian countries, the Republic of Korea, Japan and India are also included in the above ranking.
China has a GDP per capita of $16,400 as of 2020, while in Vietnam, the GDP per capita is $8,200 as of 2020.
The United States, Canada, Japan, South Korea, Western European nations and their allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam and their allies represented the "Second World".
The world's 12th largest economy
Strong growth in 2021 solidified Australia's position as the world's 12th largest economy in 2021. Nominal GDP was around A$2.2 trillion (US$1.6 trillion) in 2021. Australia is home to just 0.3% of the world's population, but accounts for 1.7% of the global economy.
The United States remains the most powerful country in the world, followed by China and Russia. However, the balance of power may shift in the coming years as countries like India and Brazil continue to grow economically and assert themselves on the global stage.
During the Vietnam War (1959–75), North Vietnam balanced relations with its two major allies, the Soviet Union and the People's Republic of China.
The loss of life of American soldiers, the determination and ferocity of the Vietcong assault, and coverage of the brutal response (including the capture on camera of a suspected Vietcong officer being executed in a Saigong street) led many Americans to conclude that they could not win a war against such a dedicated ...
Vietnam has forged comprehensive strategic partnerships — the highest diplomatic designation — with China, India, Russia, and, most recently, South Korea. Many of Vietnam's strategic partners are U.S. allies, such as Japan, Australia, and the United Kingdom.
Those who argue that the United States won the war point to the fact that the U.S. defeated communist forces during most of Vietnam's major battles. They also assert that the U.S. overall suffered fewer casualties than its opponents. The U.S. military reported 58,220 American casualties.
Vietnam is not known to have ever developed biological, chemical, or nuclear weapons.
Việt Nam ranked 44/132 in the Global Innovation Index in 2021 with more than 18,500 scientific and technological discoveries, a 2.5 per cent increase compared to the previous year.
Vietnam Economy
Is Vietnam a wealthy country? Vietnam is a densely populated developing country that has been transitioning since 1986 from the rigidities of a centrally planned, highly agrarian economy to a more industrial and market based economy, and it has raised incomes substantially.
China is the largest economy in Asia, comprising nearly half of the continent's gross domestic product.
The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies. As a middle-income country and member of the G20, Indonesia is classified as a newly industrialized country. It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP).
Germany. The third most powerful country in the world is Germany. Its capital is Berlin. It has a GDP of $4.22 trillion.
Vietnam and the United States are strong and growing partners, sharing the goal of an open, connected, prosperous, resilient, and peaceful Indo-Pacific. Addressing the legacies of war is a foundational element of the strong relationship between the United States and Vietnam.
Despite potential challenges, Vietnam will win you over with its unique landscapes, vibrant culture, delicious food and low cost of living.