It predicted that 32 million Vietnamese would be listed as middle-class by 2020.ANZ believes that the growth rate of the Vietnamese middle class is the fastest in Asia. Middle-class Vietnamese: who are they? Vietnam is an attractive consumer market, listed among the top five ASEAN countries with the fastest increase in the number of middle-class consumers. VietNamNet Bridge - Vietnam is an attractive consumer market, listed among the top five ASEAN countries with the fastest increase in the number of middle-class consumers. The middle-class index has five indicators – income & spending, education, housing, life and career.Middle-class people can be divided into three groups: lower middle-class including those who can satisfy three out of five criteria, average middle-class who can satisfy four criteria, and higher middle-class, those who can satisfy all five criteria.Considering that the population was 86.9 million in 2010, and assuming that a family averages four members, there were 7.4 million middle-class households in 2010, or 29.58 million.However, 34 percent of middle-class households satisfied only three criteria, while 19 percent could satisfy four and 7 percent all five.A report by Boston Consulting Group (BCG) released in 2013 showed that Vietnam had a rapid increase of the middle class.

Source: VietNamNet News July 29, 2016 01:07 UTC