Vietnamese census results show population of Vietnam has dropped by 2.5%
By Caitlin McDonough and Katie S. ScottThe Associated PressWASHINGTON (AP) — Vietnam’s population is down by 2,000 people in a decade, according to its census report released Thursday, a sharp drop from the previous census that found the population had grown by more than 10 million.
But that does not mean Vietnam is in a recession.
Its economy is booming, and the country is expected to overtake the United States as the world’s second-largest economy by the end of 2020, a milestone that the U.S. Embassy in Vietnam said would be a “transformational” event.
“The Vietnam government has invested heavily in its economy and has achieved rapid economic recovery,” the census report said.
The report said the population loss in 2017 was due to a “significant increase in emigration.”
More than a third of the country’s 1.2 million people emigrated from the country during the year.
Many had come for economic reasons and not because they were poor, the report said, citing an official estimate of 9 million Vietnamese.
But while Vietnam is the poorest country in the world, the country still ranks among the richest.
The report also noted that Vietnamese are still very much part of the global economy.
About 9.3 million people in the country were employed, up from 6.9 million in 2017.
The unemployment rate for Vietnamese was 6.4 percent, up slightly from 5.8 percent in 2017, according a government official.
But the population growth in Vietnam has been a boon to the country, with its government contributing $4.6 billion to its national defense budget in 2017 alone, according the report.
The country also has a booming manufacturing sector, and nearly all of the Vietnamese companies were incorporated in the U, including the nation’s largest conglomerate, Vietnam’s largest steel producer, and a number of smaller companies that are producing consumer goods and other products.
About 3.2 billion people live in Vietnam, including about 1.3 billion in urban areas.
Vietnam is home to many foreign workers who have left the country because of its economic hardship.
The U.N. has estimated that between 2 million and 3.5 million Vietnamese people have left their home countries due to the economic downturn, mostly because of the economic crisis in China.
About half of the 1.6 million Vietnamese nationals in the United Nations said they are either in or close to poverty.