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Binh Duong is the locality with the highest per capita income in the country, reaching 8.29 million VND per person, far surpassing the next two localities, Hanoi and Dong Nai, with 6.86 million VND/month and 6.57 million VND/month, respectively. According to the 2023 Household Living Standards Survey by the General Statistics Office, the average per capita income in Vietnam last year was 4.96 million VND/month, an increase of more than 6%, though slower than the growth rate of average income in 2022 compared to 2021. Last year, the Southeast region had the highest per capita income, over 6.52 million VND per month, nearly twice that of the lowest region, the Northern Midlands and Mountains.

On a provincial scale, Binh Duong has held the “champion” position for half a decade with a per capita income reaching nearly 8.3 million VND per person. Last year, the average income of Binh Duong residents increased by more than 2% compared to 2022, but there was a disparity between the richest 20% of the population (group 5) and the poorest 20% (group 1). In the top 20% of high-income earners, the average income was over 18.3 million VND/month, while the bottom group earned just over 2.3 million VND, a difference of more than seven times. Over the past 10 years, according to the Household Living Standards Survey, Binh Duong residents have earned better, with an increase of 4.6 million VND per month.

Following Binh Duong in per capita income are Hanoi with 6.86 million VND/month and Dong Nai with 6.57 million VND/month. This is also the first year that Dong Nai surpassed Ho Chi Minh City (6.51 million VND/month) to be among the top three localities with the highest per capita income in the country.

Three other localities with a per capita income higher than 6 million VND/month are other centrally governed cities, including Hai Phong (6.39 million VND), and Da Nang (6.22 million VND).

Conversely, the Northern Midlands and Mountains province of Dien Bien has the lowest per capita income in the country, at 2.18 million VND/person. Last year, this figure in Dien Bien increased slightly compared to 2.08 million VND/month in 2022, but it was not enough to improve the province’s ranking from the bottom group.

Previously, in 2022, Ha Giang had the lowest income in the country at 2.06 million VND/person/month, but this year the figure has increased to 2.25 million VND.

The General Statistics Office assesses that the income index reflected through average per capita income continues to maintain an increase compared to 2022. However, the growth rate has slowed compared to the increase in 2022, as the global economy and Vietnam’s economy continue to face many challenges in overcoming the aftermath of the pandemic. The Household Living Standards Survey is an annual report published by the General Statistics Office, based on surveys of nearly 47,000 households representing 63 provinces and centrally governed cities in six geographical regions. The information collected in the survey includes income, demographics, education, health, employment, durable goods, housing, electricity, water, sanitation conditions, and some information on access to information and communication technology.

Souce: Stockbiz

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