Vietnam is a fast growing lower middle-income country with a population of around 95 million and a market-oriented socialist economy. It is among the fastest growing economies in ASEAN and a strong regional player. Living standards have improved quickly in the last three decades, and poverty now affects less than 10% of the population. But despite progress, a deep urban–rural divide persists: over 70% of Vietnam’s poor are from ethnic minorities.
In Vietnam, Official Development Assistance has made a substantial contribution to the national development agenda, helping to meet the costs of this country’s economic transition, the expansion of its infrastructure, the development of public health and education systems, and ambitious programmes to fight poverty and inequality. Vietnam is now entering a new phase of its national development, and the country has set out to become a modern and industrialised country by 2020.
In 2021, Vietnam’s education and training sector accounted for 4.03 percent of the country’s total GDP, contributing a GDP value of just over 326 trillion Vietnamese dong. In that year, Vietnam’s GDP totaled approximately 8.4 thousand trillion Vietnamese dong.