income per capita

Update news income per capita

Bao Viet Securities (BVSC) predicted that the GDP would grow by 6.5 percent in Q1 2010, or 0.2-0.4 percent lower than the same period last year. The growth will recover in Q2.

Personal income tax too high for low-income earners

Under the current PIT law, pho sellers and taxi motorbike taxi drivers have to pay tax.

Will Chinese travelers’ No1 position be ousted by Koreans?

China has been the biggest inbound tourism market for Vietnam for many years. However, the No 1 position has been shaken with the strong rise of the South Korean market.

Will mobile phones bear a luxury tax?

The HCMC People’s Committee believes that mobile phones must bear a luxury tax or special consumption tax (SCT) as it is called in Vietnam.

How big is Vietnam’s cosmetics market?

Vietnam’s cosmetics market is worth $2.3 billion, but domestic companies pocket only 10 percent of the value.

FMCG companies eyed by foreign firms

Vietnamese companies leading the fast-moving consumer goods (FMCG) market could be acquisition targets for foreign firms in the near future.

Does Vietnam’s future depend on middle-class development?

Expected to account for 33 percent of Vietnam’s population by 2020, the middle class is  a major contributor to the country’s development, according to Phung Duc Tung, head of the Mekong Development Institute.

Modern retail model growing faster than entire retail industry

The modern retail model is one of the best ways to approach the Vietnamese consumer goods market, with its young population, rising income, and shifting consumption habits, from traditional stores to shopping malls.

Rural market becoming more attractive to manufacturers

VietNamNet Bridge - Rural areas, where 70 percent of the population lives and where the average income per capita has been increasing rapidly, is a market with great potential.

Vietnamese brewery market to be restructured

VietNamNet Bridge - The Vietnamese brewery market is dominated by three major players. However, the face of the market may be change in the near future as a new company has arrived.

Vietnamese spend too much money on consumer goods, says NA deputy

VietNamNet Bridge - Vietnamese, the citizens of a low-average income country as listed by the World Bank, are known in the world as spendthrifts, a National Assembly deputy has said.

Are houses in Vietnam the cheapest in the world?

Housing prices in Vietnam are higher than the income of the majority of Vietnamese, but the houses in Vietnam are cheaper than many other countries, according to Nguyen Xuan Quang, president of Nam Long Investment JSC. 

EVN could go bankrupt if it cannot raise electricity prices, ministry says

The Ministry of Industry and Trade (MOIT) has voiced its support for Electricity of Vietnam’s (EVN) plan to raise retail electricity prices, saying that it would go bankrupt if not allowed to do so.

EVN, electricity prices and income per capita

The electricity price in the country is scheduled to increase by 9.5 percent after Tet (February 2015) to VND1,652.19 per kwh, leaving questions about whether the price is appropriate.  

Vietnamese tighten belts despite rosier economic forecast

The Vietnamese public, who are known as the biggest beer drinkers in the world, as optimists about their future, and as big spenders on luxury goods despite modest incomes, curbed their expenses in 2014 more than in the past.

How much do Vietnamese pilots really earn?

Like colleagues in many other countries in the world, Vietnamese pilots are very well paid. According to the national flag air carrier Vietnam Airlines, a captain of the airline can receive VND200 million a month.

Breweries fight for high-end beer market

The battle in the beer market is especially harsh in the high-end segment as Vietnamese breweries are now trying to target high-income earners.

The highest-earning jobs in Vietnam

VietNamNet Bridge – Banking officers and air stewardesses are believed to have some of the highest incomes in Vietnam.

The three big guys who failed to conquer the Vietnamese beer market

It’s still too early to say Aneuser-Busch Inbev (AB Inbev) would be a big threat to the existing brewery manufacturers in Vietnam. Three big guys in the field once had to leave the Vietnamese market.

The man who moved mountains to succeed

Faced with poverty and hunger after liberation in 1975, a Gie Trieng man levelled hills and mountains with his own bare hands to create a wet rice field legacy for his family and fellow villagers.