|Average income:||3,950 US$||4,010 US$|
|Government debt (% of GDP):||56.95 %||39.71 %|
|Government debt (% of GDP):||43.43 %||39.09 %|
|Corruption index:||67 (bad)||58 (bad)|
In its latest World Economic Outlook report, the International Monetary Fund (IMF) sees Vietnam's gross domestic product (GDP) per capita overtaking that of the Philippines starting this year. The IMF projects Vietnamese GDP per capita to be US$3,498 in 2020 versus the Philippines' US$3,373.
Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
Comparison In 2021, Philippines ranked 37 in the Economic Complexity Index (ECI 0.72), and 41 in total exports ($93.7B). That same year, Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B).
Vietnam is much more cheaper to travel to than the Philippines. Depending on what you want to do, if you love beaches then the beaches of this 7,107 country would not compare to those in Vietnam. Regarding Vietnamese and Filipinos being nice with tourists, well of course generally they are very hospitable.
Vietnam Is Safer Than Malaysia And The Philippines
As the map shows, a majority of states in the region has been listed under the 'Medium Risk' category, one level higher, where the presence of 'political instability' is noted alongside an inability to enforce laws.
Yap, discusses the factors that affected the economic development of Vietnam and the Philippines. Viet Nam recorded a higher per capita GDP (in constant 2015 USD) than the Philippines in 2020 and 2021.
In terms of GDP per capita, for many years, Thailand's GDP has always been larger than that of Vietnam. Specifically, in the period 2018-2021, Thailand's average GDP (7,800 USD/year) is about 3 times that of Vietnam (2,740 USD/year).
With a GDP of over 363 billion USD and a population of more than 98.2 million, Vietnam stands at the 30th position in the rankings, only after Singapore (26th position) among the Southeast Asian countries. Meanwhile, Indonesia is ranked 33rd and Thailand 36th.
Philippines or Vietnam: The conclusion
They both offer lovely beaches, although we'd say the islands of the first are the best. There is tasty cuisine in both places, but we actually prefer Vietnamese food a little. You can party hard in both countries, but Vietnam is a little easier to reach on long-haul flights.
If you're wondering if Vietnam is safer than Thailand, in a manner of speaking, yes. Vietnam has a lower crime rate than Thailand, and is generally considered to be a safe destination for travelers. Thailand, on the other hand, has a slightly higher crime rate, but is still considered to be a relatively safe country.
Economy. Vietnam has a GDP per capita of $8,200 as of 2020, while in Indonesia, the GDP per capita is $11,400 as of 2020.
Economy. Vietnam has a GDP per capita of $8,200 as of 2020, while in South Korea, the GDP per capita is $42,300 as of 2020. In Vietnam, 3.1% of adults are unemployed as of 2018. In South Korea, that number is 3.8% as of 2019.
An individual in Vietnam now needs a net wealth of $160,000 to join the so-called '1 percent club' of the richest people in the country of 98 million. There were 19,491 people with a net worth of $1-30 million last year, down 6 percent from 2019. This number is projected to reach 25,812 in 2025.
Vietnam has the 23rd most powerful military in the world, according to a ranking by U.S.
Seek a rustic and authentic experience: Vietnam is less developed than Thailand. Natural scenery, ethnic charm, and ancient towns are the main highlights.
Both countries are safe for travel, but you should always protect your personal belongings and never leave your wallet out or flash large amounts of money in public. Though Vietnam and Cambodia are safe countries, petty crimes like theft and scams do happen in popular tourist areas.
Vietnam has been named among the countries with the most beautiful women. Online magazine Global Beauties ranks all entrants to beauty pageants each year. Although India came out top, Vietnam was a close second.
Vietnam is ranked 19 of 145 out of the countries considered for the annual Global Firepower review. The nation holds a Power Index score of 0.2855 with a score of 0.0000 being considered exceptional in the GFP assessment.
The US News & World Report's ranking of the most powerful countries in the world in 2022 has shown that Vietnam ranks 30th with a GDP of 363 billion USD and a population exceeding 98.2 million people. Other Asian countries, the Republic of Korea, Japan and India are also included in the above ranking.
All in all, Vietnam and Cambodia are two incredible countries worthy of visiting during your lifetime. If you fancy relaxing on the beach before visiting some of the world's most important cultural and religious sites, we'd recommend a trip to Cambodia.
Vietnam has ranked ninth among the ten friendliest countries in the world, the World Population Review quoted a survey conducted by InterNations.
While Vietnam also has the beaches of Nha Trang and Phu Quoc Island, they don't really compare to the beauty of the Thai Islands. Ultimately, both Vietnam and Thailand have interesting landscapes so it just depends on what type of travel you are looking for when traveling Southeast Asia.
The US army had superior conventional weapons but they were ineffective against a country that was not industrialized and an army which employed guerrilla tactics and used the dense jungle as cover.
Who won the Vietnam War The question of who won the Vietnam War has been a subject of debate, and the answer depends on the definition of victory. Those who argue that the United States won the war point to the fact that the U.S. defeated communist forces during most of Vietnam's major battles.