GDP per capita

Update news GDP per capita

Vietnamese spending more money on smartphones

VietNamNet Bridge - The average price of smartphones sold in Vietnam is VND5 million, higher than last year’s price of VND4.2 million.

Vietnam keeps long-term vision, sets too many goals

Most of the criteria Vietnam has set to become an industrialized country by 2020 appears to be unattainable. 

Instant noodle market no longer hot

VietNamNet Bridge - Between 50 and 55 instant noodle packs a year on average are bought by each Vietnamese, a slight decrease compared with recent years, according to the World Instant Noodles Association (WINA).

BUSINESS IN BRIEF 2/9

UOB and ORIX invest in Vietnam's leading private hydropower company; Shares sink, ending four-day rally; Construction of VN’s biggest zoo speeds up

Power equipment companies embrace SEA’s growing electricity demand

A number of foreign cable and wire companies are planning expansion in Vietnam in order to take advantage of the growing local and Southeast Asian demand.

BUSINESS IN BRIEF 31/8

Thirteen car brands on show at VMS; VN urged to up competitiveness; Government-backed loans to be temporarily halted

Public debt is near ceiling limit

VietNamNet Bridge - If public debt increases by VND385.375 trillion as estimated, Vietnam’s total public debt would climb to VND2,993 trillion, or 64 percent of GDP.

Businesses upset about smallest minimum-wage increase in decade

VietNamNet Bridge - The 7.3 percent increase in the minimum wage increase for 2017 is the smallest increase in the last decade but businesses still do not like it. 

Will car imports be limited under new regulations?

VietNamNet Bridge - Car importers are anxiously awaiting a new rule from the MInistry of Transport.

Increase in oil exploitation won’t help GDP: economists

VietNamNet Bridge - In the context of global oversupply and unstable oil prices, oil & gas exports must not be seen as the lifebuoy for the Vietnamese economy.

Middle-class Vietnamese: who are they?

VietNamNet Bridge - Vietnam is an attractive consumer market, listed among the top five ASEAN countries with the fastest increase in the number of middle-class consumers.

What’s behind the government's $86 billion debt?

VietNamNet Bridge - The changes in debt structure, caused by the government's borrowing from domestic sources, and the rapid increase in total debts are two significant items included in the public debt bulletin.

GDP growth target in doubt, inflation rate higher than predicted

VietNamNet Bridge - Economists have warned that Vietnam may fail to reach a 6.7 percent GDP (gross domestic product) growth rate this year, and the inflation rate may exceed 5 percent.

VN urged to reduce raw mineral exports as natural resources decline

VietNamNet Bridge - The industrial production value growth in the first six months of the year slowed largely because of a decline in the mining industry.

Vietnamese getting richer, bankers earn big money

VietNamNet Bridge - The deposits from the public and businesses at commercial banks have soared to VND5,800 trillion. Is this because people now tend to deposit more money or have become more apprehensive of risks?

How high are the incomes of managers in state-owned conglomerates?

VietNamNet Bridge - The managers of state-owned economic groups and general corporations are reported to receive VND0.5 billion a year. But their real incomes are much higher.


‘Delayed-action bomb’ in China raises Vietnamese concerns

With the ‘destructive power’ believed to be much bigger than the 2008 crisis, the Chinese financial storm, if it occurs, will be a big threat to Vietnam, which has close economic relations with the world’s second-largest economy, experts say.

Fear of Inflation has returned as petrol price rises

VietNamNet Bridge - The petrol price increase was the major cause behind the higher consumer price index (CPI) in April, the highest increase in the last five years in the same period.  

Are the next 5-year economic goals attainable?

VietNamNet Bridge - The difficulties Vietnam has to face in the next five years will increase as ODA loans will be cut by 50 percent, while new loans will bear an interest rate of 3 percent.

Electronics & refrigerator retail market still promising

VietNamNet Bridge - It is expected that the spending on electronics and refrigeration products in Vietnam will reach VND157 trillion a year by 2020, including VND60 trillion on the former and VND97 trillion on the latter.