Vietnam, Philippines raised to World Bank’s upper-middle income status

🌐 The Straits Times (Singapore) —
Vietnam, Philippines raised to World Bank’s upper-middle income status

AI Summary

Vietnam and the Philippines have been elevated to the World Bank’s upper-middle income status, joining other major Southeast Asian economies including Singapore, Malaysia, and Thailand. This reflects the region's continued economic development and growth.

All five major South-east Asian economies, including Singapore, Malaysia and Thailand, are in the same tier.

World Markets Vietnam Philippines World Bank economic status Southeast Asia upper-middle income regional growth

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