The survey shows that by 2020, Vietnam’s MAC population, whose income is from VND15 million (US$714) and above a month, will be two-thirds the size of that of Thailand. Furthermore, average per capita income will rise from $1,400 to $3,400 a year. According to Unilever Vietnam’...
Vietnam's government investment in agriculture has created a rural middle class. She said the middle class has moved quickly into smaller towns and rural markets and is spread widely among the population.
In Vietnam, the middle class is expected to grow from 12 million to 33 million people between 2012 and 2020. The growth causes an increase as well as a shift in consumption. Products that were not accessible or affordable before will become increasingly so, such as cars, dishwashers, meat...
Foreign investment has grown and the US is Vietnam's main trading partner. In the cities the consumer market is fuelled by the appetite of a young middle class for electronic and luxury goods. After 12 years of negotiations the country joined the World Trade Organization in January 2007. But...
Expanding middle class From now till 2023, Vietnam’s middle class is expected to grow at 9.2 percent – the fastest among Southeast Asian economies according to McKinsey & Company. By 2035, more than half of the country’s population is expected to reach middle-class status....
Population: 71.7 mn GDP: US$536.2 bn GDP per capita: US$7,651 Trade with HK: 4th largest trading partner in ASEAN Detail ASEAN Ascends – Vietnam Evaluated: Industrial Parks Facilitate Foreign Businesses’ Supply Chain... 26 June 2024 ...
In Vietnam, the middle class is expected to grow from 12 million to 33 million people between 2012 and 2020. The growth causes an increase as well as a shift in consumption. Products that were not accessible or affordable before will become increasingly so, such as cars, dishwashers, meat...
According to theIMF, Vietnam is the fourth-largest economy in ASEAN and had a population of99.46 millionin 2022. The McKinsey Global Institute reports that Vietnam is well- positioned to be a significant driver of Asia’s consumption story and, over the next decade, the middle-class is ...
Vietnam remains a young country overall, with a median age of 32 in 2020. However, the number of people aged 60 and over is projected to increase by five million; seniors could account for more than 17 percent of Vietnam’s population by 2030. Spending by seniors is expected to triple ...
By 2025, the country aims to become an upper-middle-income country or higher as per World Bank standards. The plan is to continue economic reforms that attract foreign manufacturing investments to Vietnam. If this happens, Vietnam will have a sizable middle-class population with a fair amount...