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The recent reforms have created a major boom in the Vietnamese stock market as confidence in the Vietnamese economy is returning. Vietnam's current economic turmoil has given rise to question of a new period of changing political economy, however. [55] Poverty remains to be the main concern on the national performance index as of 2018.
The majority of the poor are farmers. In 1998 almost 80 percent of the poor worked in agriculture. [27] The majority of the poor live in rural, isolated, mountainous or disaster prone areas, where physical infrastructure and public service are relatively undeveloped. [27] The poor often lack production means and cultivated land. [27]
Vietnam had an average growth in GDP of 7.1% per year from 2000 to 2004. The GDP growth was 8.4% in 2005, the second largest growth in Asia, trailing only China's. Government figures of GDP growth in 2006, was 8.17%. According to Vietnam's Minister of Planning and Investment, the government targets a GDP growth of around 8.5% for 2007.
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If Treasury yields continue to rise, either stock prices need to fall or companies need to produce bigger profit growth to make up for it. All told Tuesday, the S&P 500 rose 6.69 points to 5,842.91.
The primary social issues in Vietnam are rural and child poverty. Vietnam scores 37.6 in the Gini coefficient index of wealth inequality, with the top 10% accounting for 30.2% of the nation's income and the bottom 10% receiving 3.2%. In 2008, 14% of the population lived below the national poverty line of US$1.15 per day.
Global rice prices surged to 15-year highs after India, which accounts for more than 40% of global trade, ordered a halt in July to its largest category of exports, in a bid to calm domestic prices.
The VN30 Equal Weight Index is equal-weighted, not like a traditional capitalization-weighted index; where movements in the prices of stocks with higher market caps (the share price times the number of shares outstanding) have the same impact on the value of the index compared to companies with smaller market caps.