JCER projects that Vietnam is likely to maintain a growth rate of around 6% by 2035 thanks to its increasing export. (Photo: VNA)

The nonprofit organization's sixth annual report titled "Asia in the coronavirus disaster: Which countries are emerging?" looks at the impact of COVID-19 across 15 Asia-Pacific economies through 2035.

It covers two main scenarios: a "baseline" or standard scenario, in which the crisis is a transient event like an earthquake, and an "aggravated" scenario that wreaks havoc on structural trends such as globalization, urbanization, and innovation. In 2020, only China, Vietnam and Taiwan are on track to maintain positive year-on-year growth rates, according to the report.

Vietnam is poised to achieve upper middle-income status in 2023, with income per capita approaching 11,000 USD in 2035.