Viet Nam to Be the World’s Top Wealth Growth in the Next 10 Years

Viet Nam to Be the World’s Top Wealth Growth in the Next 10 Years
Ho Chi Minh City | Image by laurelnurse from Pixabay

The global wealth intelligence firm, New World Wealth, predicts that Vietnam is poised to experience significant wealth growth of up to 125% in the next decade, marking it as the country with the most substantial wealth expansion in terms of GDP per capita and the number of millionaires. Vietnam has become an attractive hub for multinational technology, automotive, electronics, and textile companies, making it a popular choice for investment. India follows closely behind, expected to see asset growth of 110%, as it gears up to become the world's third-largest economy by 2027.

With 19,400 millionaires and 58 billionaires, Vietnam is viewed as a relatively secure country within the Asia-Pacific region, further solidifying its appeal to businesses looking to establish a presence. The strategic location of Vietnam, bordering China and situated near major trade routes, combined with low labor costs and robust export infrastructure, has made it a favored destination for international investors. The country has experienced consistent growth over the past three decades with an average annual growth rate of 7%, positioning itself as a middle-income nation with successful integration into the global value chain through various trade agreements.

There are challenges ahead that could potentially hinder Vietnam's growth trajectory, particularly in the need for upskilling the labor force to meet the demands of increasingly sophisticated production activities. Collaboration between foreign companies and local businesses is essential to maximize productivity gains from foreign direct investments and foster sustainable growth in the country.

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Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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