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The Economic Times

Top News / The Economic Times

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Sri Lanka, Vietnam upgraded to 'upper-middle income' status

Vietnam and the Philippines have officially joined the upper-middle income bracket, a significant upgrade by the World Bank following years of robust economic growth. This achievement highlights their broad-based expansion across industries, not just a single sector. With this reclassification, all major Southeast Asian economies now reside in this higher income tier, signaling increased investor appeal and a positive economic trajectory for these nations.

3 Jul 2026 12:15 am