(Vietnam Grocery Report 2013 – Nielsen)
Population growth rate
Vietnam ranks 14th in world population, with more than 95 million people. This is forecasted to increase to 105 million by 2030; consisting of a large young population. Vietnam is blessed with a young workforce. Currently, 60% are under 35, while median age stands at 30.8 (reference Nielsen and Worldometers). In addition, increasing investment in education, stable economic growth, a faster-growing middle class than any other country in Southeast Asia position Vietnam as a highly desirable destination for foreign investment.
In recent decades, Vietnam has emerged as one of the countries with fastest economic growth. According to the World Bank, GDP growth in Vietnam has been stable at average of 6.46% a year since 2000.