GDP per capita
Update news GDP per capita
A reasonable tax rate which both encourages people to enrich themselves and increase the resources of the community is needed.
VietNamNet Bridge - Roads and airports are overloaded in Vietnam, while hotel room rates are higher than Thailand’s.
More than 90,600 enterprises had to suspend operation in 2018, a sharp increase of 50 percent over the year before, which economists described as “worryingly high”.
VietNamNet Bridge - Vietnam needs to take action promptly, and if not, it may get old before it becomes rich, economists say.
VietNamNet Bridge - Chinese goods, especially chemicals and plastics, are expected to increase in Vietnam.
VietNamNet Bridge - The Chinese yuan has depreciated sharply, while the Chinese Q3 GDP growth rate is the lowest in the last decade.
VietNamNet Bridge - Vietnam remains one of the few beer markets in the world which is still maintaining high growth. However, not all breweries have succeeded in the market.
VietNamNet Bridge - After 30 years of doi moi (renovation), the Vietnamese income per capita has increased to nearly $2,400 but that doesn’t satisfy many economists.
With significantly improved income, Vietnamese consumers are not only buying more goods, but also spending more money on premium products.
Nguyen Duc Thanh from VEPR believes that Vietnam’s agriculture is suffering from so-called Dutch disease. It is still fumbling for ways to develop, though it leads the world in the output of some products.