1.5 million Vietnamese join middle class each yearVietNamNet Bridge - A World Bank report recently released shows that the Vietnamese middle class has been expanding rapidly with 1.5 million people each year in recent years. 1.5 million Vietnamese join the middle class each yearReal estate trade and securities investments are legal investment channels, which helps enterprises raise funds. Do the 1.5 million people get rich from ethical business, or from exploiting legal loopholes? When securities investors buy stocks, their money goes to production and business purposes.Expected to account for 33 percent of Vietnam’s population by 2020, the middle class is a major contributor to the country’s developmentA survey by Brookings Institute found that the growth rate of the Vietnamese middle class in the 2005-2015 period was 14 percent per annum and it is expected to rise to 18 percent in 2016-2020. RELATED NEWSVietnam’s middle class enriches foreign companiesMiddle-class Vietnamese: who are they?


Source:   VietNamNet News
April 17, 2018 05:15 UTC