Vietnam - Not as bad as some would lead you to believeVietnam...

Vietnam - Not as bad as some would lead you to believe

Vietnam ranks second among the world’s top wealth markets in terms of very high net worth individuals over the past decade.The country’s average annual growth rate of those with a net worth between $5-30 million, categorized as very high net worth (VHNW) population, reached 13.9 percent during the 2010-2019 period, says Wealth-X, a leading global wealth information and insight provider.This growth rate is only lower than Bangladesh at 14.3 percent, according to a recent Wealth-X report. It attributes Vietnam’s wealth performance to "robust economic growth supported by a young and expanding workforce and deepening integration in regional manufacturing supply chains."

With a total of 56 million middle-class people by 2030, Vietnam is set to leap up eight places from the current 26th position to 18th in the global ranking of 30 economies with the largest middle-class populations.The report also said the group of middle-aged people from 45 to 65 years old would play the main role in Vietnam’s middle class population. In 2020, they accounted for 20 percent of that group’s consumer spending and this will rise to nearly 25 percent in 2030.

The middle class is defined as households with per-capita spending of between $11 and $110 a day.

source https://e.vnexpress.net/news/business/data-speaks/vietnam-among-world-s-fastest-middle-class-growth-nations-4351459.html

https://e.vnexpress.net/news/business/data-speaks/vietnam-posts-second-fastest-growth-of-rich-population-4101119.html