October 23, 2020

WE WON THE WAR:

Vietnam Plans to Become Solid Middle-Class Nation by 2025 (Ralph Jennings, October 23, 2020, VOA News)

The Communist Party's Central Committee wrapped up a plenary session October 8 held to chart macroeconomic goals, and a deputy planning minister said separately that Vietnamese people should earn around $5,000 per year on average by 2025, up from $2,750 now. 

Vietnam would reach that milestone -- middle income or higher in World Bank terms -- by extending 10-year-old economic reforms that now attract foreign investors to the country that's seen as a manufacturing peer to world factory powerhouse China.  

Their investment creates jobs and raises incomes among Vietnam's 97 million people. Vietnam is now lower middle-income. 

Posted by at October 23, 2020 12:54 PM

  

« FUNNY SORT OF MONOPOLY THAT PROVIDES ITS PRODUCTS FOR FREE: | Main | ABOVE AVERAGE IS OVER: »