Business » Finance
Vietnam sees sharp rise in USD millionaires
  • | | March 08, 2019 11:07 AM
Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023, according to the Wealth Report 2016 by Knight Frank, one of the world's largest global property consultancies.

The report said that among those, the number of Vietnamese with a net worth of above USD700 billion (USD30 million) reached 142, up seven compared to 2017.


The number of Vietnamese with a net worth of above USD700 billion (USD30 million) reaches 142. Photo for illustration

Knight Frank forecasted that the number of super-rich people in Vietnam would grow at the fastest rate in the world with a rise of 31% in the five years to come.

Knight Frank attributed the considerable increase in Vietnam’s extremely rich people to the country’s economic stability, higher living standards and more active global integration.

Forbes recently announced Ho Hung Anh, chairman of Techcombank with a net worth of USD1.7 billion and Nguyen Dang Quang, chairman of Masan group with USD1.3 billion as new billionaires.

Meanwhile, billionaire Pham Nhat Vuong, who is chairman of Vingroup and is the richest person in Vietnam, has become the first Vietnamese to be named among the top 200 richest people worldwide by Forbes.

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