05 Feb What is the key demographics indicators of Vietnam in 2023?

As of 2023, Vietnam has a population of approximately 97 million people with a median age of 30 years old. The country has a population growth rate of approximately 1.2%.

Vietnam has a youthful and rapidly growing workforce, with more than 70% of the population under the age of 50 and over half of the population under the age of 35. This has resulted in a high demand for labor-intensive industries and a growing consumer market.

The country also has a rapidly urbanizing population, with approximately 35% of the population residing in urban areas and a yearly rate of urbanization of 2.5%. The largest cities in Vietnam include Ho Chi Minh City, Hanoi, and Haiphong.

Vietnam has a relatively low literacy rate, with approximately 94% of the population able to read and write. The country has made significant investments in education and training, with a focus on improving the quality of its workforce and preparing it for the demands of a rapidly developing economy.

The country has a relatively low poverty rate, with approximately 6% of the population living below the poverty line. Vietnam has made significant progress in reducing poverty and improving living standards in recent years, and the government has set a goal of achieving upper middle-income status by 2045.

Overall, Vietnam’s key demographics indicators reflect a young, rapidly growing, and urbanizing population with a focus on improving education, reducing poverty, and preparing for the demands of a rapidly developing economy.

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