Vietnamese wealth in 2021 stood at US$985 billion, making it one of the richest Asian nations.
In its latest World Economic Outlook report, the International Monetary Fund (IMF) sees Vietnam's gross domestic product (GDP) per capita overtaking that of the Philippines starting this year. The IMF projects Vietnamese GDP per capita to be US$3,498 in 2020 versus the Philippines' US$3,373.
China has a GDP per capita of $16,400 as of 2020, while in Vietnam, the GDP per capita is $8,200 as of 2020.
For instance, Vietnam's GDP per capita is higher than India's. Meanwhile, Vietnam's debt-to-GDP ratio (percent) is significantly lower than India's, indicating a lower level of foreign dependence.
Vietnam At-A-Glance
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.
The average salary in Vietnam is 6.1 million Vietnamese Dong (VND) per month, according to the July 2021 press release by the General Statistics Office of Vietnam. As per the August 2021 exchange rate, this is equivalent to 277 USD/month. In Vietnam, it's common to pay employees a 13th-month salary as an annual bonus.
Japan has a GDP per capita of $41,400 as of 2019, while in Vietnam, the GDP per capita is $8,200 as of 2020.
Seek a rustic and authentic experience: Vietnam is less developed than Thailand. Natural scenery, ethnic charm, and ancient towns are the main highlights.
Thailand has a GDP per capita of $17,300 as of 2020, while in Vietnam, the GDP per capita is $8,200 as of 2020.
Many rich Vietnamese people were students who went to study in the USSR (now Russia) and Eastern European countries or workers who went to work abroad and took advantage of the transition to a market economy in those countries to amass wealth.
The average wealth of people in the top 5% of the richest population in 2021 is 316,658 USD (equivalent to 7.8 billion VND), top 10% richest is 181,132 USD (equivalent to 4.1 billion VND). Meanwhile, the average wealth of the poorest 50% of the population is only 3,429 USD (nearly 78 million VND).
Noodle Beginnings
Vuong, 54, is Vietnam's richest man, with a $3.9 billion net worth, according to the Bloomberg Billionaires Index. He started his own business while studying in Moscow and has said he left Russia with $40,000 in debt.
According to the International Monetary Fund (IMF), Vietnam's GDP in 2020 is estimated to reach USD 340.6 billion, exceeding that of Singapore with USD 337.5 billion; Malaysia with USD 336.3 billion. This will help Vietnam become a country with the fourth largest economy in Southeast Asia.
Vietnam has a GDP per capita of $8,200 as of 2020, while in South Korea, the GDP per capita is $42,300 as of 2020.
Vietnam - Level 1: Exercise Normal Precautions
Exercise normal precautions in Vietnam. Read the country information page for additional information on travel to Vietnam.
If you're wondering if Vietnam is safer than Thailand, in a manner of speaking, yes. Vietnam has a lower crime rate than Thailand, and is generally considered to be a safe destination for travelers. Thailand, on the other hand, has a slightly higher crime rate, but is still considered to be a relatively safe country.
You should choose Vietnam if you prefer more diverse experiences such as natural wonders (Halong Bay), colonial history, ancient towns (Hoi An), city life (Ho Chi Minh), floating markets (Mekong Delta), and more.
After years of institutional and economic reform, Vietnam's poverty rate declined rapidly. In 1990, Vietnam was among the world's poorest countries with a GDP per capita of $98. By 2010, GDP reached $1,000. Vietnam is now defined as a lower middle income country by the World Bank.
النص الكامل The African continent is no doubt the most resource-abundant continent. Resources such as gold, diamond, oil, natural gas, copper, uranium, among others are mined in different parts of the continent. Almost every country in Africa has a deposit of natural resources.
Cambodia has a GDP per capita of $4,200 as of 2020, while in Vietnam, the GDP per capita is $8,200 as of 2020.