Report indicates widening income gap

As published in Vietnamnews on 18/08/2011

The gap between Viet Nam's rich and poor widened 9.2 times last year, according to recent General Statistics Office data. The agency's 2010 Survey on Household Living Conditions reported that the personal average income among the rich came to VND3.4 million ($US165) while the number was VND369,000 ($18) among the poor. In general, the average per capita income last year stood at VND1.387 million ($67.5) per month.

Nguyen Tien Phong, head of the Inclusive and Equitable Growth Team at the UNDP in Viet Nam, said that the situation calls for a raise in the level of "inclusiveness" within the country's economic growth model. This would entail providing equal access to social services and having appropriate mechanisms set in place for the redistribution of assets and incomes, among others.

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