Vietnamese set to get richer than Filipinos this year — IMF

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By: Philstar

Vietnamese are poised to become richer than Filipinos starting this year, in another direct consequence of the pandemic and how the two governments have addressed the health crisis differently.

Backed by sustained economic growth, Vietnam’s per capita gross domestic product would hit $3,497.51 to overtake the Philippines’ $3,372.53 under current prices, latest projections from the International Monetary Fund (IMF) showed.

GDP per capita divides the value of economic output with the population. It is typically used to measure how economic wealth is distributed among people.

 

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