Tuesday, August 20 2019

VietNamNews

Nation 8th in income growth

Update: November, 10/2010 - 10:27

HA NOI — Viet Nam ranks 8th in the world for its progress in raising per capita income, which has increased five fold in the last four decades, the United Nations said in its Human Development Report released yesterday in Ha Noi.

Rising incomes helped millions of Vietnamese get out of poverty. However, Viet Nam did not rank among the top nations in terms of general human development improvement, it said.

UN Resident Co-ordinator in Viet Nam John Hendra said the Human Development Report required that development progress could not simply be measured by national income.

"Economic growth alone does not automatically improve the quality of life of citizens. It should include other elements, such as health and educational development," Hendra said.

He said Viet Nam gained remarkable achievements to become a medium income nation from an underdeveloped one. But it should focus on sustainable development to reach its 2020 target to become a modernised and industrialised nation.

Viet Nam ranked 113th among 169 nations assessed on the Human Development Index (HDI), a measure of human development covering life expectancy, education levels and real per capita income.

This year's report warns that Viet Nam's progress in education has slowed down since the early 2000s.

The average Vietnamese students are expected to stay at school three years less than those in Thailand, and two years less than those in Malaysia.

Viet Nam ranked higher than India at 119th place and Cambodia at 124, but still scored lower than Thailand and the Philippines, which occupy 92nd and 97th places, respectively.

China, Indonesia and Laos are among the nations with the strongest HDI performance since 1970. Due to income levels, which have increased 21 fold over the last four decades, China ranks in the top ten. — VNS

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