The 2024 Household Living Standards Survey Report released by the Statistics Bureau revealed that despite the complex global situation, Vietnam’s socio-economic development achieved positive results, with significant improvements in people’s lives compared to the previous year.
The highest-income households had an average monthly income of 11.8 million VND per person
In 2024, the average monthly income per person at current prices reached 5.4 million VND, a 9.1% increase from 2023.
The average monthly income in urban areas was 6.9 million VND, a 10.1% increase, while in rural areas, it was 4.5 million VND, an 8% increase.
The Southeast region continued to have the highest average monthly income in the country, reaching nearly 7.1 million VND.
In contrast, the region with the lowest average monthly income was the Northern Midland and Mountainous region, at nearly 3.8 million VND.
The survey results also indicated a significant income disparity.
The highest-income group (comprising the top 20% of the population) had an average monthly income of 11.8 million VND per person, 7.4 times higher than the lowest-income group (comprising the bottom 20%) with an average monthly income of only 1.6 million VND per person.
 People spent an average of 1.4 million VND per month on food and beverages. Image: TÚ UYÊN |
An individual spent nearly 1.4 million VND per month on food and beverages
The survey results showed that total consumer spending in 2024 increased again, mainly in urban areas.
The average monthly spending per person was nearly 3 million VND, a 6.5% increase from 2022; in urban areas, it was 3.8 million VND, a 15.4% increase.
Breaking down the expenses, the average monthly spending on living expenses per person was 2.8 million VND, accounting for 94.5% of total household spending.
Average monthly spending on food and beverages was nearly 1.4 million VND (a 7.3% increase from 2022), while spending on other expenses was over 1.4 million VND (a 3.8% increase from 2022).
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The average monthly alcohol consumption per person was 0.9 liters In 2024, the survey results on the consumption of key food and beverage items showed a continued decrease in rice consumption. The average monthly rice consumption per person in 2024 was 6.5 kg, a decrease of 0.4 kg compared to 2022. Households in the lowest-income group consumed 7.3 kg of rice per person per month, higher than the highest-income group’s consumption of 5.9 kg per person per month. On the other hand, for meat, the highest-income group consumed 3.2 kg per person per month, while the lowest-income group consumed 2 kg. Alcohol consumption, on the other hand, decreased to 0.9 liters per person per month in 2024, down from 1.2 liters in 2022. Consumption of other beverages also decreased to 1.9 liters, compared to 2.1 liters in 2022. |
Notably, in 2024, household investment in education improved.
The average spending on education and training per student per year exceeded 9.5 million VND, a 36.3% increase from 2022. Of this, 41.1% was spent on tuition and out-of-boundary fees, and 21.4% on tutoring.
According to the 12 indicators measuring the lack of access to basic social services, Vietnamese households lacked the most in the following areas: employment (40.3%), adult education level (30.7%), and nutrition (21.4%).
According to the Statistics Bureau, the multidimensional poverty rate in 2024 was 2.3%, a decrease of 1.1 percentage points from 2023.
Vietnam’s income inequality coefficient in 2024 was 0.372, unchanged from the previous year and still at a moderate level.
The regions with the highest poverty rates also had the highest levels of inequality. Therefore, the state needs to focus on implementing social security policies, job creation programs, and income improvement in these regions.
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The 2024 Living Standards Survey collected information on income, expenditure, demographics, education, health, employment, durable goods, housing, electricity, water, sanitation, access to social security programs, information and communication technology, and other social aspects. |
TÚ UYÊN
– 18:07 18/05/2025
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