An above average score has enabled Vietnam to reach 38th position among 174 economies in the 2020 Human Capital Index.
Released Wednesday by the World Bank, the index used data up to March this year to provide a benchmark of human capital, including education and health, that a child born today can expect to attain by age 18 in the pre-pandemic era.
Vietnam's score increased from 0.66 in 2010 to 0.69, which means that a Vietnamese child will have a labor productivity of 69% when he grows up with good health and adequate education.
The score is much higher than the world average of 0.56.
The analysis shows that 98% of Vietnamese children survive to the age of 5; A Vietnamese boy or girl who goes to school at the age of 4 can complete 12th grade.9 years of schooling or high school to 18 years old; and 76% of children are not stunted.
Vietnamese students received 519 points in Harmonized Test Scores (HTS), the same level as countries such as Sweden, the Netherlands and New Zealand.HTS measures how well children are doing in school based on countries' relative performance in tests of international student achievement, where 625 represents advanced achievement and 300 represents minimum reach.
Furthermore, 87% of 15-year-olds are likely to live to 60 in Vietnam.
The report indicates that Vietnam and other countries such as Estonia, the Kyrgyz Republic and Uzbekistan have higher human capital than countries with gross domestic product (GDP) per capita.
In fact, Vietnam's human capital score is higher than many world power economies like Russia with zero.68 (41st place), China 0.65 (45th) and India with 0.49 (116).
Singapore topped this year's ranking with 0.88 points, followed by Hong Kong, Japan, South Korea and Canada to complete the top 5.
The bottom five countries are Mali, Niger, South Sudan, Chad and the Central African Republic.
In Southeast Asia, Vietnam ranks above Brunei (56th), Malaysia (62nd), Thailand (63rd), Indonesia (96th), Philippines (103), Cambodia (118th), Myanmar (No. 120th), Laos (126) and Timor-Leste (128th).
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