The country duly ranked 12th among Asian countries with the best quality of life, reporting a Human Development Index (HDI) of 0.703 as of 2021.
According to details given by the World Bank (WB), the nation reported a Government Effectiveness rating of 59.43% in 2022. The Economic Freedom Index rating of the county stood at 61.80 as of 2023.
Insider Monkey’s rating for Vietnam is therefore 60.615 out of 100.
Singapore took the lead with Insider Monkey rating it 91.95 out of 100. The Top 5 of the list consists of Japan, the Republic of Korea, the United Arab Emirates, Brunei, and Qatar.
Elsewhere, Malaysia, Bahrain, Indonesia, Saudi Arabia, Bhutan, and Vietnam make up the list of 12 Asian countries with the best quality of life.
According to information given by Insider Monkey, Asia is a diverse region with some of its countries showing significant progress in terms of enhancing the quality of life.
However, Asian countries must increase their investments, efforts for appropriate demographic planning, and launch initiatives for gender equality to transition from poverty and underdevelopment to a state of security, well-being, and enhanced quality of life.
The website noted that although these challenges withstand the progress of Asia, many countries throughout the region have implemented progressive strategies in a bid to enhance the quality of life by making efforts for increased GDP; enhanced public purchasing power; and improved access to economic, welfare, and service resources.