Upper Class Income Vietnam

The middle class earning usd 714 a month or more in vietnam will double to 33 million people about a third of the population between 2014 and 2020 according to boston consulting group.

Upper class income vietnam. Urban vietnam has a middle class and when a country has a middle class it means it is able to sustain itself for the future he added. School education earn the least with an average gross income of vnd 100 577 500. As the graph below shows over the past 24 years this indicator reached a maximum value of 12 00 in 2014 and a minimum value of 10 80 in 2010. Vietnam s rising middle and upper class vietnam s middle class population currently at 10 is believed to be the fastest growing in southeast asia.

Tns research showed that in an average household in the city most still call by its old name saigon people spent 2 5 to seven times more than they said they earned source. This is 430 17 lower of what doctorate degree degree holders earn. Hieu noted that the number of people with monthly income of 3 000 and higher is still very modest while the majority in the middle class earn 1 500 2 000 a month. Middle class vietnamese are going for japanese brands.

Unlike other countries where the middle class people live in many localities in vietnam they reside mostly in the large cities of hanoi hcmc and da nang. The poverty headcount fell from 58 percent in the early 1990s to around 10 percent by 2010. Grant mccool nguyen nhat lam november 10 2006. Vietnam income distribution income share held by second 20.

Data for vietnam lower middle income from the world bank. In indonesia the group will grow from 24 million to 62 million by 2030 a cagr of 8. With an earned doctorate degree they grosses vnd 562 116 871. That means income of at least 714 per month.

While the middle class is set to boom in the various seasian countries the number of affluent those with incomes in the top income segment of the respective income ranges will also see significant increases in the years ahead. Reforms have transformed vietnam from one of the world s poorest countries 25 years ago to a lower middle income country mic 2011 per capita income of us 1 260. Samsung controlled 40 of the vietnam smartphone market in the first quarter of 2017. The value for income share held by second 20 in vietnam was 11 90 as of 2016.