Business
Number of Vietnamese millionaires to increase
  • | vov, dtinews.vn | March 04, 2017 01:34 PM
 >>  Vingroup chief Vietnam’s only billionaire
A wealth report by leading UK independent real estate consultancy Knight Frank showed that Vietnam is among the countries with the fastest rise in the number of USD millionaires.

Last year, Vietnam had 200 millionaires with assets of over USD30m. This number increased by 32 people compared to 2015 and 50 people on 2014.

According to Knight Frank, this trend is increasing, reaching 170% compared to previous year's 140%. This rate is considered the fastest in the world, higher than India's 150% and China's 140%.

Similar to Forbes, Knight Frank also only recognises one USD billionaire Pham Nhat Vuong, chairman of Vingroup.

In term of the Vietnam stock exchange, the richest billionaire title belongs to Trinh Van Quyet, chairman of the FLC Group. Quyet's total assets on the Vietnam stock exchange on November 14 were valued at over USD1.4bn.

According to experts, there are "hidden" billionaires whose assets haven't been listed yet such as the CEO of Vietjet Air Nguyen Thi Phuong Thao.


Pham Nhat Vuong (left) and Trinh Van Quyet

Knight Frank predicts that Vietnam would make an increasingly large contribution to the growth of USD millionaires in the Asia. It also said that in the next decade, Vietnam will have three USD billionaires and the number of USD millionaires will increase from 14,200 to 38,600 people.

The number of billionaires in the world has reached over 2,000 last year. Most of the super-rich people are in North America and Europe, followed by Asia. The number of super-rich people in Asia may surpass Europe in the future.

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