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The pro-poor households in urban areas are households with average income from VND 501,000 to VND 650,000 per capita per month (roughly US$24–31 per capita per month). With the new poverty line, Vietnam's percentage of households was estimated to be 12 percent at the end of 2011.
Beyond the poor, a more diverse share of the population is economically vulnerable. The population that is no longer poor, but also not economically secure or middle class, is about 13.6 million. While the risk of falling into extreme poverty is now low, achieving economic security at higher levels is still a relevant topic.
Vietnam today is a major global exporterImage: WTO, Financial Times. Economic growth followed suit. Since 2010, Viet Nam’s GDP growth has been at least 5% per year, and in 2017 it peaked at 6.8%. With such rapid economic growth, the country grew from one of the poorest countries in the world to a comfortably middle-income one.
Apr 19, 2024 · Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
4 days ago · August 2018. The early 1980s were a bleak period for Vietnam. The southeast Asian country, one of the world’s poorest, was still recovering from decades of war. Its centrally planned economy was unable to deliver basic consumer goods. Inflation was running at 400 percent.
Apr 5, 2018 · Ethnic minorities – many of them living in highland areas – account for 72 percent of Vietnam’s poor, and encouraging them to grow more profitable industrial crops may improve their earnings. “Vietnam has achieved tremendous results in reducing poverty and improving the quality of life for millions.
Despite starting as one of the poorest countries in the mid-1980s, Vietnam has achieved rapid developmental progress, reaching lower middle-income status in 2010. In line with rapid economic growth, Vietnam has achieved impressive progress towards the Sustainable Development Goals (SDGs) during this time. This paper sheds light on some elements of
