Viet Nam’s Ultra-High-Net-Worth Individuals Increase by 2.4%

8:03:19 AM | 3/10/2024

The number of ultra-high-net-worth individuals (UHNWIs) in Viet Nam with net assets of US$30 million or more increased by 2.4 percent to 752 in 2023.

The above information was highlighted in Knight Frank's Wealth Report 2024. The report also predicts the UHNWIs population in Viet Nam will grow to 978 in 2028, meaning an increase of around 30 percent in the five-year period.

A recent report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners also pointed out that Viet Nam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub.

The nation is forecast to see a 125 percent increase in wealth over the next 10 years. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the report.

Earlier, according to a report released by Henley & Partners in April 2023, Viet Nam's southern economic hub Ho Chi Minh City recently ranked ninth on a list of the 10 fastest-growing cities for the super-wealthy in the world.

The number of high-net-worth individuals in the city increased 82 percent to 7,700, including 15 centi-millionaires and three billionaires.

Source: VGP