How to tackle inequality in Vietnam?
Ha Noi, Viet Nam – “Increasing inequality is threatening decades of progress”. This is one of the findings from the research on inequality in Viet Nam, conducted by Oxfam as a part of the Even it Up campaign.
The Oxfam report reveals how great the economic gulf between the richest and the poorest has become in Vietnam. The richest man in Vietnam earns more in a day than the poorest Vietnamese earns in 10 years. In an hour, the richest Vietnamese can earn almost 5,000 times more than what the poorest 10 percent of Vietnamese spend every day on their basic needs. Vietnam's 210 super-rich earn more than enough in one year to lift 3.2 million people out of poverty and end extreme poverty in Vietnam.
The research also reviews four pillars of an equitable policy framework: tax system, ‘socialization’ of public services, spending on health and education, and labour policies. The government’s existing policies in these four areas reflect both strengths and areas for improvement.