TOOL · GROSS COST

How much would a basic income cost in Vietnam?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Country

Adult population 76,663,207child population 23,688,985year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

849,674 million

in VND₫849,673,915,200

Equal to 0.0% of reference GDP

Population covered: 100,352,192 people

Adults: 76,663,207 × ₫800 × 12 = ₫735,966,787,200

Children: 23,688,985 × ₫400 × 12 = ₫113,707,128,000

₫735,966,787,200 + ₫113,707,128,000 = ₫849,673,915,200

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $433,805,036,898 · World Bank WDI

Currency VND · exchange rate 23,787.3192 VND/USD (2023)

Converted cost $35,719,616 for the GDP share.