National per capita income witnesses 2 percent fall in 2020

Vietnam’s per capita income in 2020 declined two percent to 4.23 million VND (183.19 USD) per month, the General Statistics Office (GSO) has said.
National per capita income witnesses 2 percent fall in 2020 ảnh 1The northern midland and mountainous region have the lowest monthly per capita income. (Photo: VNA)
Hanoi (VNA) – Vietnam’s per capita income in 2020 declined two percentto 4.23 million VND (183.19 USD) per month, the General Statistics Office (GSO)has said.

According to preliminary results of the GSO’s survey on local living standardsin 2020, which covered nearly 47,000 households across 63 cities and provinces,the average monthly per capita income increased by 8.1 percent each year duringthe 2016-2020 period.

The monthly per capita income in urban areas isaround 5.53 million VND, about 1.6 times higher than that in rural areas (3.48million VND).

The richest group has an average per capitaincome of 9.1 million VND per month, compared to only nearly 1.14 million VNDin the poorest group.

In terms of regions, the southeast region hadthe highest monthly per capita income, at over 6 million VND, 2.2 times higherthan that of the northern midland and mountainous region which had the lowestmonthly per capita income at 2.74 million VND.

The southern province of Binh Duong surpassed Hanoi and Ho Chi Minh City to topthe nation’s per capita monthly income in 2020. The province’s per capita income was more than 7 million VND (303.93USD) per month, followed by HCM City at 6.537 million VND, and Hanoi 5.98million VND.

Of the total income, earning from wage and salary accounted for 55.3 percent,from agro-forestry-fishery activities 11.2 percent, non- agro-forestry-fisheryactivities 22.9 percent, and other activities 10.6 percent.

Despite the COVID-19 pandemic, the number ofpoor families has continued to decrease thanks to social welfare policies, theGSO says. Policymakers, however, need to address the wealth gaps between urbanand rural areas, the rich and poor as well as between regions./.
VNA

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