The household poverty rates in Vietnam reduced dramatically from 58% in 1992 to 15.5% in 2008 and 7.6% in 2013 as more than 30 million people were lifted out of poverty. … Therefore, Vietnam must start infrastructure development in the uplands and remote areas in the forms of roads, bridges, hospitals and schools.
Does Vietnam have poverty?
As in many other developing countries, hunger and poverty in Vietnam has existed for a significant amount of time. From one of the poorest countries in the World with per capita income below US$100 per year, Vietnam is now a middle income country with per capita income of US$1,910 by the end of 2013. …
How does poverty affect Vietnam?
The poverty rate dropped sharply from over 70% to less than 6% (US$ 3.2/day PPP) and GDP per capita increased 2.5 times, standing above US$ 2,500 in 2018. Although poverty is declining at a high rate, Vietnam is still in the group of low-middle income countries.
Why is it important to end poverty?
Poverty is associated with a host of health risks, including elevated rates of heart disease, diabetes, hypertension, cancer, infant mortality, mental illness, undernutrition, lead poisoning, asthma, and dental problems. …
How can we help poor people in Vietnam?
Five Ways to Help People in Vietnam
- Support education. Ensuring that poor children have a chance at a good education is essential in any country that wishes to see the cycle of poverty broken. …
- Invest in the country’s infrastructure. …
- Help provide access to microfinance. …
- Support healthcare. …
- Demand government transparency.
Is Vietnam still communist?
Government of Vietnam
The Socialist Republic of Vietnam is a one-party state. A new state constitution was approved in April 1992, replacing the 1975 version. The central role of the Communist Party was reasserted in all organs of government, politics and society.
What is the poorest city in Vietnam?
Only 1.9 per cent of the population are poor in the two largest cities (Hanoi and Ho Chi Minh city; over four million inhabitants each), while the poverty rate is 5.8 per cent in small cities (average population 86,000), and 11.2 per cent in towns (including district towns, average population 11,000).
How does Vietnam benefit from globalization?
Globalization has helped developing countries such as Vietnam increase international trade growth and accelerate financial flows. It raised economic growth (Nguyen & Tran, 2018) and industrial development substantially (Nguyen, 2019), leading to a drastic shift of production activities to the country.