In recent years, the rate of poverty has been decreasing steadily in the country. The current population of Vietnam in 2022 is 98,953,541, a 0.8% increase from 2021. First, when poverty rate is as low as it is now, a relatively large proportion. 75.55%. What country has a 100 literacy rate? The food poverty line is calculated as the expenditure required, given Vietnamese food consumption patterns, to deliver 2100 calories per person per day. The GDP per capita has reached $2,700. Poverty in Vietnam continues to fall, particularly amongst ethnic minorities, who saw their rate of poverty decline significantly by 13 percentage points, the largest decline in the past decade, says a new World Bank report. Updating Vietnam's Poverty Monitoring System 36. Due to the way in which the IPUMS assigns poverty values, these data will differ from those provided by the U.S. Census Bureau. (Decision No. Nguyen Thi Chau Giang. Poverty rate in Vietnam 2016-2020. Research Expert covering Vietnam Get in touch with us now , Jun 4, 2021 In 2020, the poverty rate in Vietnam was around 1.1 percent in urban areas, while that of rural areas was around 7.1 percent.. . In 2020, the poverty rate in Vietnam was around 4.8 percent. REDUCING RURAL POVERTY IN VIETNAM Issues, Policies, Challenges . Of the total Vietnamese population of 88 million people (2010), 13 million people still live in poverty and many others remain near poor. While there has been an eye-catching drop in the rate of poverty, it is not reflected in ethnic minority and rural populations with more people vulnerable to falling back below the threshold. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. In the report, Vietnam indicated: "The multidimensional poverty rate was reduced from 9.2 per-cent in 2016 to less than 7 per-cent in 2017. Dollar seeks to explain this apparent anomaly. Share of population in extreme poverty over time Poor transportation and dilapidated construction in Vietnam - akin to slums (2007) Map poverty rates by district of Viet Nam in 2010 and 2014.. Until the 1920s, most of the Vietnamese population lived under the poverty line.This was due to a number of reasons, which was a result from 60 years as a French colony, [1] the Japanese occupation of . Download Historical Data The population of Vietnam in 2021 was 98,168,833, a 0.85% increase from 2020. Vietnam was recognised for succeeding in halving its poverty rate between 1990 and 2000 (UNDP 2009; Chapter One). By the end of last year 2021, Viet Nam had 609,049 poor households while the number of near-poor households were 850,202, representing 3.11 percent. . Japan literacy rate for 2015 was 99.00%, a 0% increase from 2010. 1. Figures for Vietnamese and all Asians based on mixed-race and mixed-group populations, regardless of Hispanic origin. 2012 Vietnam poverty assessment : well begun, not yet done - Vietnam's remarkable progress on poverty reduction and the emerging challenges. The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line; taken as half the median household income of the total population. Since 2010, numbers have gone to around 36% in 2014. Highlights. Poverty reduction Figures may not sum to 100% due to rounding. for countries like Canada and Vietnam, few are recent arrivals. At the same time, black poverty rates fell from a horrendous 55% in 1959 to just under 30% in 1979 and appears to have remained at 30 in 2010. . The poverty rate according to the World Bank's lower-middle-income country standard (US$3.20/day in 2011 purchasing power parity . Poverty rate at $3.2 a day of Viet Nam fell gradually from 68.7 % in 1997 to 6.6 % in 2018. The exercise will draw on important new sources of . The WB's Poverty and Equity report, "From the Last Mile to the Next Mile", says that over the past decade, the poverty rate at the bank's 3.20 USD per day line for lower-middle income countries declined from 16.8 percent to 5 percent, meaning ten million people were lifted out of poverty. Between 2007 and 2010, the agency reported, the poverty rate has gone up 2.6 percentage points. It is also available by broad age group: child poverty (0-17 years old), working-age poverty and elderly poverty (66 year-olds or more). Between the 1980s and 1990s Vietnam carried out significant economic reforms, notably stabilization, the introduction of positive real interest rates, trade liberalization, and initial property . The country has also made remarkable progress in education. The World Bank's LMIC poverty rate ($3.20/day 2011PPP) dropped from 16.8 to 5 percent, and over 10 million people were lifted out of poverty. Australia poverty rate for 2010 was 0.70%, a 0% increase from 2008. Poverty rate at national poverty line of Viet Nam fell gradually from 20.7 % in 2010 to 6.7 % in 2018. This was the fourth consecutive increase in the poverty rate, but the percentage point increase between 2010 and . Between 2010 and 2020, the poverty rate at the World Bank's $3.20 per day line for lower-middle income countries declined from 16.8 percent to 5 percent, meaning ten million people were lifted out of poverty. Some of the largest reductions in poverty are observed for provinces with poverty rates close to the national average. A. The population of Vietnam in 2020 was 97,338,579, a 0.91% increase from 2019. Rethinking Poverty and Poverty Measurement in Vietnam 37 C. Updating Methods for Measuring Poverty 39 D. Constructing a new GSO-WB Poverty Line 47 E. New Poverty Estimates for 2010: GSO-WB and Offi cial Poverty Methodologies 52 F. Are the New GSO-WB Poverty Lines too High? The CIA World Factbook more recently estimated Vietnam as having only 10.6 percent of the population living below the poverty line in 2010, a far cry from the 75 percent just 26 years earlier. . By achieving this, the rate of the poor households will have decreased by 1.43 percent a year, meeting . Under this projection scenario, overall poverty using the GSO-WB line will drop to 8 percent . Vietnam's poverty rate declined to 2.23 percent in 2021 from 2.75 percent in 2020, according to the Ministry of Labor, Invalids, and Social Affairs (MOLISA). The latest statistical data on poverty and socioeconomic development in Viet Nam . Viet Nam - Poverty headcount ratio at $3.2 a day based on purchasing-power-parity in constant prices of 2011 6.60 (%) in 2018 In 2018, poverty rate at $3.2 a day for Viet Nam was 6.6 %. 2010 75.1 12.0 7.5 4.314 0.655 This paper uses small area estimation techniques to estimate the poverty indexes of Vietnam's provinces and districts in 2009. Resolution of the 2nd session of the 12th National Assembly (10/2007) emphasized the goal of reducing poverty rate to 11-12% by the end of 2008, i.e. Of the 46.2 million people in the United States . Until the 1920s, most of the Vietnamese population lived under the poverty line. extreme poverty in Vietnam fell from 63.7% in 1993 to 21.5% in 2006 (www.povcalnet.worldbank.org ). The poverty rate fell each year between 1993 and 2000, hitting a low of 11.3 percent in 2000. By 2010, GDP reached $1,000. Vietnam's Present Poverty Rates In 2019, preliminary data displays that Vietnam's GDP has increased by 7%. John Gibson + 16 More. Although Vietnam made a lot of progress in poverty reduction in the period 2010-2020, there are still challenges in poverty reduction. The general poverty line is based upon the food poverty line but allows for minimum non-food expenditure. There was significant progress in poverty reduction from 2010-2020, but Last Mile challenges in tackling poverty remain. Looking forward, Vietnam will face . Figures may not sum to 100% due to rounding. As reported by the World Bank, "the poverty headcount in Vietnam fell from nearly 60% to 20.7% in the past 20 years." This fall in poverty has not occurred in isolation. economic development goals for the 2006-2010 period as "reducing the rate of poverty in accordance with new poverty line to 10-11% by 2010". Thirty-two states experienced an increase in the number and percentage of people in poverty between 2009 and 2010. Vietnam grew rapidly in the 1990s, and yet by many measures it has poor economic institutions. 2013. In 2011, about 15.9 percent of the U.S. population had income below the poverty level, an increase from 15.3 percent in 2010. In 2016, electricity became accessible to 100 . Under this approach, it can be calculated from the VHLSS. Although economic reform has brought remarkable progress in poverty reduction in Vietnam, the scale and depth of ethnic minority poverty in Vietnam presents one of the major challenges to achieving the targets for poverty reduction set out in the Socio-Economic Development Plan, as well as the . It assesses Vietnam's progress in poverty . That same year, around 45 million people were uplifted from poverty. In 2018, poverty rate at national poverty line for Viet Nam was 6.7 %. Social security policies have been implemented nationwide and achieved positive . In terms of economic output, a brief on Vietnam by the World Bank reported that the real GDP increased by 7.3 percent per year during 1995-2005 and per . Isolated from the world, North Korea has topped the list for the highest literacy rate of 100%. In recent years, the rate of poverty has been decreasing. 39 Related Question Answers Found Change in Vietnam's world export market share, 1997 - 2009 Vietnam's world export market share, 2009 Vietnam's average world export share: 0.416% Change In Vietnam's average world export share: 0.275% 7. Vietnam has made remarkable progress in poverty reduction in the 2010-2020 period, with the rate of poverty declining to only 5 percent from 16.8 percent, according to the World Bank (WB). Poverty in Vietnam declined substantially between 2010 and 2020 (Photo: VNA) The WB's Poverty and Equity report, "From the Last Mile to the Next Mile", says that over the past decade, the poverty rate at the bank's US$3.20 per day line for lower-middle income countries declined from 16.8% to 5%, meaning ten million people were lifted out of poverty. We hypothesize that this makes geographic targeting of the poor more relevant as a means to re-balance . Over the last decade, poverty declined impressively. Global Economic Prospects Climate Change Average Monthly Temperature 1901 - 2009 (C) The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation . NDO/VNA - Vietnam has made remarkable progress in poverty reduction in the 2010 - 2020 period, with the rate of poverty declining to only 5 percent from 16.8 percent, according to the World Bank (WB). However, based on multidimensional poverty criteria, the poverty rate for ethnic minority groups remains relatively high. The number of people in poverty increased from 42.9 million to 46.2 million during the same time period. Vietnam poverty rate for 2018 was 22.40%, a 4.8% decline from 2016. Education is often cited as one of the most influential factors in lifting Vietnam completely out of poverty. The description is composed by our digital data assistant. The purpose of this paper is to assess the impact of sectoral economic growth and other factors on poverty reduction in Vietnam in the period 2010-2016.,Originating from the question of whether there is an endogenous problem between the structure of economic growth by sector and some other factors in the process of impact on poverty reduction, the paper has used the 2-Stage Least Squares . With the new poverty line, Vietnam's percentage of households was estimated to be 12 percent at the end of 2011. Note that black poverty rates remain three times that of whites, and are comparatively as high as they were in 1959. Vietnam poverty rate for 2016 was 27.20%, a 7.8% decline from 2014. 2010 75.1 12.0 7.5 4.314 0.655 extreme poverty rate fell from 50 percent in . These measures are absolute poverty lines and are constant in real terms over time. The number of people in poverty increased from 46.2 million to 48.5 million during the same time period. with lower middle-income status attained in 2010. It is now ranked 127th in terms of human development (medium level) (the Human Development Index covers three main dimensions: a long and healthy life, knowledge, and a decent standard of living; UNDP 2013). 7. Non-monetary indicators of poverty also generally show dramatic over this period (VASS, 2007; Baulch et al., 2010 . Once calculated, the poverty rate in Vietnam is expected to stand at 2.75 percent in 2020. Data are compiled from official government sources or are computed by World Bank staff using national ( i.e. Add a one-line explanation of what this file represents. Introduction 37 B. National estimates are based on population-weighted subgroup estimates from household surveys. 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