On the other hand, Vietnam's two centennial goals are to develop the country into a modern industrial base and upper-middle income society by 2030, the centenary of the founding of the CPV, and transform the country into a high-income society by 2045, the centenary of the establishment of...
Vietnam’s development record over the past 25 years is remarkable. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth and development and transformed Vietnam from one of the world’s poorest to a lower middle-income country. Vietnam has...
Further, GDP growth in the first quarter reached 5.66 percent, the highest in three years, and the economy's scale reached US$430 billion, “placing Vietnam among upper-middle-income countries”. The average consumer price index (CPI) increased by 3.93 percent year-o...
Vietnam has lifted itself, and its population, from one of the poorest nations on earth, to being reclassified as a lower-middle income country.
He held that Vietnam is on track to achieve "upper-middle income economy" status - a milestone that would have seemed unthinkable in the late 20th century. However, he also cautioned that the country faces significant development challenges. Globally the economic-security environment is highly ...
According to Euromonitor "the real estate market is also predicted to continue thriving as market demand for apartments from upper-middle-income urban consumers is expected to surge over the forecast period". It goes on to say that considering the expected rise in the number of foreign business...
The income-difference coefficient among social classes was increasing during the period. The rise was especially significant for the upper class and the upper-middle class compared to the lower classes. The income-difference coefficient was changing slowly in the 2000s but more rapidly in the 2010...
Importantly for our focus on inclusiveness, we found that among the socio-economic variables, income (INC) was the only determinant that was significant at the 1% level, indicating that upper-middle income classes have a 16% higher likelihood to purchase certified rice compared to lower-middle ...
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...
TERRAIN. The greater part of the country’s surface— primarily the north, northwest, and interior regions—is occupied by mountains (mostly middle or low mountains) that are deeply dissected by valleys. In the northern half of Vietnam, parallel ranges and chains of massifs stretching toward th...