Per capita income of the richest higher 9.2 times than the poorest in 2010, GSO reports

The per capita income of the richest household group was 9.2 times higher than the poorest households in 2010, according to a survey of the General Statistics Office (GSO), showing that the gap between the rich and the poor in Vietnam is tending to rise.
The gap of income, and the difference between the rich and the poor is based on GINI index or 40% standard (inequality of income distribution). GINI coefficient is a measure of the inequality of a distribution, a value of 0 expressing total equality and a value of 1 maximal inequality.

In Vietnam, the GINI coefficient in 2010 was 0.43 and tended to increase through years (0.418 in 2002, 0.42 in 2004 and 2006, and 0.43 in 2008).

“40% standard” of World Bank means that 40% of population has the lowest income in total population. If the ratio is less than 12%, a high inequality in income distribution exists in a country; the ratio ranges between 12 and 17%, the inequality is medium. And at over 17%, the income distribution is relatively equal.

The ratio of Vietnam, measured based on number of households, was 17.98% in 2002, 17.4% in 2006, 16.4% in 2008, and 15% in 2010. Therefore, the country’s income distribution was relatively equal but the inequality is emerging. – Vietbiz24

Tags: Per capita income

Posted by VBN on Jul 1 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry