Although Thailand performs better than Vietnam on several development indicators and has higher GDP and per capita income, it now faces a slower growth rate. … The GDP growth rate of Vietnam in 2018 was 1.7 times higher than Thailand’s, with stronger and steadier economic growth.
Is it better to live in Vietnam or Thailand?
Both are ‘stable’ and considered safe for travelling and living, in terms of daily life. Thailand wins hands down with convenience, options and comfort. Travelling around Vietnam, although progressing quickly, is still more of an adventure.
Is Thailand is a developed country?
Thailand is classified as a developing country. … In developed country, technologies are the indicator of economic and people’s wealth.
Is Vietnam a developed or developing country?
Vietnam, a one-party Communist state, has one of south-east Asia’s fastest-growing economies and has set its sights on becoming a developed nation by 2020. It became a unified country once more in 1975 when the armed forces of the Communist north seized the south.
Is Thailand safer than Vietnam?
The safety risk is somewhat higher on Thai than Vietnamese roads. Crime rates against travelers are low in either country of Southeast Asia. Still, they are a bit higher in Thailand since more travelers visit the kingdom.
Which country is cheaper Vietnam or Thailand?
Prices in most of Vietnam are only slightly less expensive than in rural Thailand, but well below the prices of Bangkok and the major tourist resorts. Overall, Vietnam is the better place for your cost of living on your holiday.
Is Hanoi Vietnam expensive to live in?
Vietnam’s most expensive city is Ho Chi Minh City, followed by Hanoi. Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month.
Cost of Living in Vietnam.
|Electricity||$60 to $80|
|Cell phone with unlimited data||$3|
|Gas for cooking||$2|
Is Thailand richer than India?
India has a GDP per capita of $7,200 as of 2017, while in Thailand, the GDP per capita is $17,900 as of 2017.
How safe is Thailand?
Thailand is generally a safe country to visit, but it’s smart to exercise caution, especially when it comes to dealing with strangers (both Thai and foreigners) and traveling alone. Assault of travelers is relatively rare in Thailand, but it does happen. Possession of drugs can result in a year or more of prison time.
What is Thailand’s biggest industry?
Exports and tourism are the main drivers of Thailand’s growth. The tourism sector grew by 7.5% in 2018 while exports saw a 7.2% growth. Its key exports are automotive and electronic goods, as well as agricultural products such as rice, rubber, sugar and tapioca.
Is Vietnam a successful country?
According to a forecast by PricewaterhouseCoopers in February 2017, Vietnam may be the fastest-growing of the world’s economies, with a potential annual GDP growth rate of about 5.1%, which would make its economy the 20th-largest in the world by 2050.
Is Vietnam 3rd world country?
By historical definition, Vietnam is a Second World country because it was part of the Communist Bloc after World War II. … Because Thailand did not initially join the Allies or the Communism Bloc, it is a Third World country.