Vietnam's Population and Economy
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Vietnam's Population and Economy

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@InnocuousRubidium

Questions and Answers

Việt Nam is about to welcome the 100 millionth ______.

citizen

With this milestone, Việt Nam becomes one of the ______ most populous countries in the world.

15th

As of the end of 2022, Việt Nam’s economic scale and per capita income reached US$409 billion and ______, respectively.

$4,110

Having 100 million population would mean a ______ domestic market.

<p>sizable</p> Signup and view all the answers

According to the United Nations ______ Fund (UNFTA), the world is changing at a rapid pace.

<p>Population</p> Signup and view all the answers

Việt Nam has a large, populous market with a sizeable ______ (with more than 50 million labourers).

<p>workforce</p> Signup and view all the answers

The 100 million people pose problems of ______ and energy security.

<p>food</p> Signup and view all the answers

Ensuring quality ______, health care and environmental protection for 100 million people will not be a simple problem.

<p>education</p> Signup and view all the answers

Việt Nam is in a period of ______ population structure, with nearly 70 per cent of the population being in the working age.

<p>golden</p> Signup and view all the answers

The quality of ______ remains low, with the rate of trained workers being only 67 per cent and of those with diplomas and certificates just 27 per cent.

<p>labour</p> Signup and view all the answers

Study Notes

Vietnam's Population Milestone

  • Vietnam is expected to reach a population of 100 million, making it the 15th most populous country in the world.
  • This milestone comes 10 years after the population hit 90 million in 2013.

Economic Scale and Per Capita Income

  • As of 2022, Vietnam's economic scale and per capita income reached $409 billion and $4,110, respectively.
  • These figures are expected to reach $424.45 billion and $4,400 by the end of 2023.
  • When the population hits 100 million, the economic scale must be over $440 billion, requiring a GDP growth of over 7% in 2023.

Implications of a 100 Million Population

  • A large population provides a sizable domestic market, attracting more foreign direct investment with a healthy, well-educated, and skilled labor force.
  • It also brings opportunities for innovation and creativity, with a strong dynamism in the country.
  • However, it also poses challenges such as food and energy security, ensuring quality education, healthcare, and environmental protection for 100 million people.

Demographic Transition and Labor Quality

  • Vietnam is completing the demographic transition, with mortality and fertility decline, leading to an aging population.
  • The country is in a period of golden population structure, with nearly 70% of the population being in the working age.
  • Vietnam has a strong labor force of 51.5 million people, ranking third in the ASEAN region, but the quality of labor remains low.
  • The country needs policies to take advantage of opportunities and promote strengths brought about by the period to avoid wasting its demographic dividend.

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Test your knowledge about Vietnam's population milestone and current economic statistics.

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