Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Vietnam>>Economy>>Vietnam has 200 super-rich people
NEWS UPDATES Asean Affairs     March 3, 2017  





Vietnam has 200 super-rich people

Vietnam has 200 super-rich people, with fortunes valued at US$30 million or more, according to the Wealth Report 2017 by the UK’s leading independent real estate consultancy Knight Frank.

The recent report showed that the number of ultra-high-net-worth individuals (UHNWI) in Vietnam was up 32 against 2015, and 50 against 2014. This super-rich group increased sharply by 320 percent from 2006 to 2016, the fastest growth in the world in comparison with India’s 290 percent and China’s 281 percent.

UHNWIs are people with investable assets of at least US$30 million, excluding personal assets and property such as a primary residence, collectibles and consumer durables. UHNWIs comprise the richest people in the world and control a disproportionate amount of global wealth.

Vietnam’s ultra-rich population was growing faster than any economy in the world, and was expected to see the fastest growth in its UHNWI by 2026, with a 170 per cent increase in people with US$30 million or more, taking the total up to 540. The number of millionaires is predicted to jump from 14,300 to 38,600 over the same period.

The report by Knight Frank reflects considerable variation between the growth rates of UHNWI in different regions and countries, due to local factors that underpin wealth creation and the mobility of ultra-wealthy people.

The World Bank described the transformation of Vietnam’s economy as “remarkable”, in which economic and political reforms are leading to higher incomes. The bank also mentioned that despite the fact the country is vulnerable to the shocks of economic and environmental issues, the prospects for the economy remain strong, with an average annual GDP growth of around 6 percent by 2020.

Andrew Amoils, head of Research at New World Wealth, selected Vietnam as one of the countries with a “stellar growth rate”, contributing to the “dramatic growth” of the super-rich population in Asia. “We expect Vietnam’s millionaire numbers to be boosted by strong growth in the local healthcare, manufacturing and financial services sectors,” he also said in the report.

Vietnam currently has only one dollar billionaire but whose name was not disclosed. Knight Frank predicts that this number will increase by three dollar billionaires in the next 10 years.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          March 3, 2017 Subsribe Now !
• Gov’t agro production project nets $36.3M Subcribe: Asean Affairs Global Magazine
• Ha Noi’s Customs Department launches online services
• First China-Myanmar tourism cooperation forum kicks off in Nay Pyi Ta
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• VN industrial production lagging 
• Vietnam has 200 super-rich people
Asean Analysis                  February 28, 2017
• Asean Analysis  February 28, 2017
U.S.-ASEAN Relations: Charting Next Steps During the 40th Anniversary
Advertise Your Brand

Asean Stock Watch   March 2, 2017

• Asean Stock Watch-March 2, 2017
The Biweekly Update
• The Biweekly Update  February 28, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com