Vietnam is the fastest growing rich country in the world in the past 10 years.
According to Market Watch, Vietnam's emergence as a global manufacturing hub has helped the country become the leading country in asset growth over the past decade.
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According to a report by market research firm New World Wealth, assets in Vietnam increased by 210% between 2007 and 2017, and are forecast to continue to increase by another 200% over the next 10 years.
Much of that growth comes from the rise in wealth among Vietnam’s ultra-rich, defined as those with investable assets of $30 million or more, excluding personal assets and real estate, according to Knight Frank’s wealth report. Vietnam has at least 200 people considered ultra-rich, a 320% increase between 2000 and 2016.
According to Market Watch, Vietnam is becoming more and more attractive to foreigners. In 2018, Da Nang city was included for the first time in the list of best places to live abroad by "Live and Invest Overseas" magazine.
Analysts say low labor costs and a highly skilled workforce are key to Vietnam's position at the top of the supply chain in Southeast Asia, leading to a significant increase in foreign direct investment.
China has the second highest wealth growth in the world over the past 10 years. The number of super-rich people in China increased by 281% between 2000 and 2016.
