Vietnam is forecast to rank among the world’s 30 fastest-growing economies in both trade-growth speed and absolute volume increase by 2030, according to a forecast by German logistics provider DHL, the Vietnam News Agency quoted the Business Times as reporting.

The Business Times cited the DHL’s latest report as saying that Southeast Asian countries are set for accelerated trade growth over the next five years, with Vietnam, Indonesia and the Philippines expected to rank among the world’s 30 fastest-growing economies in both trade-growth speed and absolute volume increase by 2030.

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

The country’s foreign trade reached an all-time high of $786.29 billion in 2024, up 15.4% year-on-year.