Cambodia has a GDP per capita of $4,200 as of 2020, while in Vietnam, the GDP per capita is $8,200 as of 2020. In Cambodia, 16.5% live below the poverty line as of 2016. In Vietnam, however, that number is 6.7% as of 2018.
You should choose Vietnam if you prefer more diverse experiences such as natural wonders (Halong Bay), colonial history, ancient towns (Hoi An), city life (Ho Chi Minh), floating markets (Mekong Delta), and more.
Comparison In 2021, Cambodia ranked 92 in the Economic Complexity Index (ECI -0.64), and 69 in total exports ($27.3B). That same year, Vietnam ranked 58 in the Economic Complexity Index (ECI 0.1), and 18 in total exports ($356B).
Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector. In addition, the country is committed to continuing its global economic integration.
The economy of Vietnam is a developing mixed socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 26th-largest in the world as measured by purchasing power parity (PPP) in 2022.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities. [Explore the top universities in Australia.]
Singapore is the richest Asian country, with a per capita GDP of $91,000 (2023). The country boasts a highly developed market economy, historically driven by extensive entrepôt trade. Between 1965 and 1995, Singapore achieved remarkable average annual growth rates of around 6 percent.
Over centuries, Cambodian cuisine has incorporated elements of Indian, Chinese and more recently French cuisine, and due to some of these shared influences and mutual interaction, it has many similarities with the neighbouring Thai, Vietnamese and Lao cuisines.
When the Khmer Rouge was toppled, the majority of Cambodians were only trained as farmers because many of the highly-skilled workers and academics had been murdered. Without a strong educational base, it has been hard for the country to rebuild itself quickly enough to enter the modern world economically.
Vietnam isn't more developed than Thailand. It lacks the infrastructure, income, and tourism dollars that Thailand has, placing Vietnam well behind Thailand in terms of development.
Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. The service sector is heavily concentrated on trading activities and catering-related services.
Cambodia has a GDP per capita of $4,200 as of 2020, while in Laos, the GDP per capita is $7,800 as of 2020.
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According to the International Monetary Fund (IMF), Vietnam's GDP in 2020 is estimated to reach USD 340.6 billion, exceeding that of Singapore with USD 337.5 billion; Malaysia with USD 336.3 billion. This will help Vietnam become a country with the fourth largest economy in Southeast Asia.
Stunning Beaches
From the white sand beaches of Phu Quoc Island to the stunning beaches of Sihanoukville, it's easy to find the perfect place to relax and unwind. In Vietnam, you'll find the best beaches in the southern half of the mainland, while Cambodia's best beaches are located on the islands off the coast.
The two nations have a long history of interaction, cooperation, and hostility as close neighbors and have had both friends and adversaries. After the Khmer Empire was overthrown in the 15th century, relations between Cambodia and Vietnam have gone through many different aspects.
Thailand is bigger, richer, and more developed. It is home to many of the world's best beaches and there is a lot more going on when it comes to nightlife. Cambodia, on the other hand, is smaller and more rural, which means lower prices and fewer crowds. It is also home to the incredible temple complex of Angkor Wat.
Cambodia's water and sanitation crisis
Out of its population of 16 million people, 12 million people (72% of the population) lack access to a reliable, safely managed source of water, and 3.8 million people (23%) lack access to improved sanitation solutions.
In Transparency International's 2022 Corruption Perceptions Index, which scored the public sector of 180 countries on a scale from 0 ("highly corrupt") to 100 ("very clean"), Cambodia scored 24.
According to data collected this year, 14% of the Cambodian population sits below the National Poverty Line. This makes it the fourth poorest country in Southeast Asia. According to an economic overview by the CIA World Factbook, Cambodia has experienced strong economic growth over the last decade.
Served early mornings on street corners all over Cambodia, bai sach chrouk, or pork and rice, is one of the simplest and most delicious dishes the country has to offer. Thinly sliced pork is marinated in palm sugar and fish sauce, then slow-grilled over warm coals to impart a smoky sweetness.
Due to the long history of the two countries, there is a significant amount of Cambodians of mixed Vietnamese and Khmer ancestry. Most of these Vietnamese-Cambodians no longer speak Vietnamese and have assimilated into Khmer society and identify as Khmer.
North Korea. North Korea may actually be the poorest country in Asia, but the nation's notoriously secretive government rarely shares its data, so economists much rely upon expert estimates. Poverty in North Korea is attributed to poor governance by the totalitarian regime.