Achievements in poverty reduction

According to a World Bank report called "Climbing the ladder: poverty reduction and shared prosperity in Vietnam", poverty in Vietnam continues to decline, particularly among ethnic groups, at a rate of 13% - the biggest decline in the last decade.

The report recognizes that 70 percent of Vietnam’s population is now classified as economically secure, including the 13 percent who are now part of the global middle-class. An average of 1.5 million Vietnamese has joined the global middle class each year since 2014, confirming that households continue to climb the economic ladder after escaping poverty.