Vietnam surges ahead of Thailand in 2024 global growth quality report

The annual Future of Growth Report 2024 found that the kingdom is falling behind in its sustainability development.

The study examined growth quality in 107 countries over the past year.

Topping the list this year was Sweden with a score of 71.15, followed by Switzerland (69.49), Finland (68.74), Denmark (68.57) and the Netherlands (66.07). Thailand scored 48.99.

In Asia, Thailand ranked behind Japan (11th globally), South Korea (12th), Singapore (16th), Malaysia (31st), Vietnam (36th), and Indonesia (50th).

Thailand scored highest in the innovativeness category with 47.94 and lowest for sustainability (40.84).

Wilert Puriwat, dean of the CBS, noted on Monday that Vietnam is now ahead of Thailand in terms of growth quality and thus has a brighter future.

The study determined growth quality according to four factors: Innovativeness, inclusiveness of infrastructure,…