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The sharpest jump in wealth in the next 10 years is expected in Vietnam

26.02.2024
Homesoverseas.ru editorial office
158

The sharpest increase in wealth by 125% in the next decade will be in this country of Southeast Asia. This forecast is provided by the global analytical company New World Wealth and investment migration consultants Henley & Partners.

"Vietnam is becoming an increasingly popular manufacturing base for multinational technology, automotive, electronic, clothing and textile companies," said Andrew Amoiles, analyst at New World Wealth.

According to Amoils, Vietnam, home to 19,400 millionaires and 58 cent millionaires (with a fortune of $100 million), is perceived as a relatively safe country compared to other countries in the Asia-Pacific region, which gives businesses an additional incentive to open manufacturing enterprises here.

Andy Ho, Director of Investment at VinaCapital, notes: "The country's strategic location (the presence of a land border with China and proximity to major maritime trade routes), low labor costs, as well as infrastructure supporting exports, have all turned Vietnam into a major destination for international investments.

India, which will become the third largest economy in the world by 2027, will take second place with an expected 110% increase in wealth.

Source: CNBC

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seller: DDA Real Estate
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