Re: When VN becomes a real Tiger?

[Tuan Pham <tuan.pham@unsw.edu.au>]

Dear friends

There is a common fallacy in the following calculation
(I have also seen it in VN Govenment publications).
The growth rate of 9% is for the TOTAL GDP. Since 
population is growing at more than 2% per year the per
capita GDP is at best 7%. Since VN's economy is heavily
reliant on overseas companies that re-export their profit
the actual income growth for the local population is 
probably less still.

Anyway, taking 7% p.a. in 50 years the Vietnamese's
average income will still be less than $7000.

Cheers
Tuan Pham


> From: Sonnet Nguyen <Sonnet.Nguyen@fuw.edu.pl>
>
> Dear friends,
> 
>  GROWING PERCENT 9.0 % PER YEAR.
> 
>  ACTUAL INCOME 250.00 $ PER PERSON.
> 
>  QUESTION: How is INCOME per PERSON after 50 years ?
>  ...
> 
>  VN-se INCOME per PERSON IS EQUAL 18589.38 $ AFTER 50 YEARS.
> 
> So VN need at least 50 years for achieve actual state
> of many countries. THE DARK SIDE OF THE MOON!
> Hope that all VN-ses have to been accelerated .... 
> enjoys,
> SN