Rich’s income 7.6 times that of poor: survey
💱 #Vietnam’s richest people have an average income of almost eight times that of the poorest, a government survey has found.
💍The richest group, defined as the 20% of the population with the highest income, had an average income of VND10.23 million ($436.3) a month last year, according to the Citizen Living Standard Survey recently released by the General Statistics Office.
💣 It was 7.6 times higher than the poorest group, the 20% of the population with the lowest income. The survey polled nearly 47,000 households across the country.
📈 The survey found that average income was VND4.67 million per person per month, up 11.1% from 2021, with rises seen in both urban and rural areas, showing a recovery from Covid-19. This was the first increase after three years of decline.
🏙️ Urban areas recorded an average income of VND5.95 million, and rural area VND3.85 million.
⬇️ The southeastern part of the country recorded the highest average income of VND6.33 million, while the northern mountainous area posted the lowest at VND3.17 million.
🔸An average person spent VND2.8 million a month last year, down 3.3% from 2020 (there was no data for 2021).
The decline in expenses is attributed to people tightened spending due to concerns of rising prices.
🔸The richest group spent 3.2 times more than the poorest group, at VND4.1 million versus VND1.3 million.
🔸A Vietnamese household had an average of 3.6 persons last year, and 2.1 persons are in the working age.