Gross domestic product (GDP) by purchasing power parity equivalent to 322 billion, Vietnam's economy ranks 6 th in Southeast Asia, after Indonesia, Thailand, Malaysia, Philippines and Singapore.

          As the rankings are the World Bank (World Bank) announced last week, the U.S. remains the largest economy in the world with a GDP (purchasing power parity) last year reached 15,700 billion. It is followed by China with about 12,500 billion dollars, India - 4,800 billion and Japan - U.S. $ 4,500 billion.

According to the report, Russia overtook Germany to take place the 5th largest economy in the world with 3,400 billion. This data is Germany's 3,300 billion.

Vietnam ranks 42 in 177 economies this year's World Bank ranking. Photo: Yellow

         In Southeast Asia, the highest ranking countries are Indonesia (16) with more than 1,223 billion dollars. Followed by Thailand (21) with more than 655 billion dollars, Malaysia (26) Philippines (29) and Singapore (39). Vietnam ranked 42, just behind Singapore in the region, with more than 322 billion dollars.

         Chart hang177 economy ranking World Bank differs from the nominal GDP of the International Monetary Fund (IMF). According to the IMF, it still tops the list as the U.S. and China, with over 15,700 and 8,200 billion. The following rankings are different, Japan is the third largest, then to Germany, France, England, Brazil and Russia. Vietnam ranked 51 on the list with nominal GDP over 141 billion U.S. dollars.

         In reports Economic Update on Vietnam announced on 12/7, World Bank environmental assessment macroeconomic stability in general relativity, the external balance improved, attracting direct investment Foreign decline but foreign investors still evaluate Vietnam as attractive investment destination in the future ASEAN.World Bank GDP calculated by purchasing power parity method. Accordingly, they consider 1 USD can buy all kinds of goods and services vary, depending on each country. In less developed countries, 1 USD can buy more goods. So, ranked according to purchasing power parity GDP of them will be higher.

         However, the challenges posed longest slowdown since carried out economic reforms in the late 80's. Investment to GDP ratio down, PMI and retail sales slowed down. Imports of reducing domestic sector showed low demand for machinery and intermediate goods, as well as weak private consumption. Fiscal situation is unfavorable, slow structural reform process begun but has not made drastic.

         World Bank forecasts economic growth estimated at 5.3% this year and about 5.4% next year. Inflation is expected to reach 8.2% by the end of 2013.