Geopolitics Alpha

Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?

Published . Updated .

Key takeaways

  • Indonesia’s US$1.5 trillion economy is still nearly triple that of Vietnam, whose marginal per capita lead may not last.
  • Exposed: EIDO, THD, EEM
  • Market reaction: price tracking starts with the next trading session.

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Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?

Indonesia’s US$1.5 trillion economy is still nearly triple that of Vietnam, whose marginal per capita lead may not last.

Directly affected

  • No company is named in this report.

Indirectly affected

  • DIA SPDR Dow Jones Industrial Average ETF+0.1% 30d

    SPDR Dow Jones Industrial Average ETF: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story.

  • QQQ Invesco QQQ-10.3% 30d

    Invesco QQQ: it is a broad US stock-market fund. Linked by “gdp” (the broad US market) in this story.

  • EIDO iShares MSCI Indonesia ETF-1.7% 6d

    iShares MSCI Indonesia ETF holds stocks listed in Indonesia, which this story is about (“indonesia”).

  • VNM VanEck Vietnam ETF-2.0% 30d

    VanEck Vietnam ETF holds stocks listed in Vietnam, which this story is about (“vietnam”).

  • EEM iShares MSCI Emerging Markets ETF+0.0% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Indonesia, which this story is about.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
DIANo price data for this ticker———————
QQQNo price data for this ticker———————
EIDO+8.34%+3.37%baseafter closeafter closeafter closeafter close
VNMNo price data for this ticker———————
EEM+3.96%-0.13%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next? South China Morning Post

Source: South China Morning Post

The price since 4 Nov 2026: Ishares Tr (EIDO) versus the S&P 500

CompanyWhenMoveStatus
Ishares Tr (EEM)three days earlier-0.13%final price
Ishares Tr (EEM)five days earlier+3.96%final price
Ishares Tr (EIDO)three days earlier+3.37%final price
Ishares Tr (EIDO)five days earlier+8.34%final price

Who gains and who loses around Ishares Tr (EIDO)

Companies tied to this story

  • EIDO Ishares Tr

    Ishares Tr (EIDO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?.” Reason on file: iShares MSCI Indonesia ETF holds stocks listed in Indonesia, which this story is about (“indonesia”)

  • THD Ishares

    For “Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?,” Ishares (THD) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Thailand ETF holds stocks listed in Thailand, which this story is about (“thailand”)

  • EEM Ishares Tr

    For “Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Indonesia, which this story is about

Ishares Tr (EIDO)

On 4 Nov 2026, “Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?” is the story that connects Ishares Tr (EIDO) to this story.

For Ishares Tr (EIDO), the reason on file says iShares MSCI Indonesia ETF holds stocks listed in Indonesia, which this story is about (“indonesia”)

A second company, Ishares (THD), is listed for a different reason: iShares MSCI Thailand ETF holds stocks listed in Thailand, which this story is about (“thailand”)

Dates in the story, and the Ishares Tr (EIDO) price range

EEM traded between 65.24 and 69.22 across 17 sessions. The latest close on file is 65.76. EIDO traded between 11.63 and 11.99 across 6 sessions. The latest close on file is 11.73.

A simple score for Ishares Tr (EIDO)

35 out of 100

“Vietnam edges ahead of Indonesia on per-person GDP. Is Thailand next?” scores 35 out of 100. The score uses 2 sources, and 3 linked companies.