By 2030, Vietnam will become the tenth largest consumer

Vietnam will become the world’s 10th largest consumer market by 2030, with the fourth fastest growth, according to a report released by HSBC on Tuesday. In a report titled “Asia Consumer Market Report 2030”, the bank said that in 2021, Vietnam’s consumer market will be ranked third in Southeast Asia and 13th in the world; it is expected that by 2030, Vietnam will surpass Thailand and rank No. 1 in Southeast Asia Two, tenth in the world.

Consumer spending in Vietnam, Bangladesh and India is expected to see the biggest growth in the decade 2021-2030, with Vietnam growing by around 7.8%, Bangladesh at 7.4% and India at just over 7%.