9,000 rich people in Vietnam owned assets of US$358 billion
By Minh An
November 19, 2017 | 07:18 AM GMT+7
In total, global wealth has grown by US$16.7 trillion to US$280 trillion, which corresponds to a rise of 6.4 per cent. This is the highest increasing level since 2012 and the size of assets has been 27 per cent higher since the financial crisis ten years ago.
Vietnam's higher real estate price is one of reasons for higher value of assets ownd by millionares. Photo: World Property Journal
The world now has nearly 36 million people owning assets higher than one million dollars, up 2.3 million rich people compared to the number of last year and up 8.7 million since the crisis in 2007.
It is notable that the total value of assets that one per cent of the richest people hold is equivalent to the amount owned by 3.8 billion poorest people.
The world now has nearly 36 million people owning assets higher than one million dollars, up 2.3 million rich people compared to last year and up 8.7 million since the crisis in 2007.
It is notable that the total value of assets that one per cent of the richest people hold is equipvalent to the amount owned by 3.8 billion poorest people.
Americans account for about 30 per cent of this property and this country has a half of million dollar millionaires. In the past year, the US millionaires also had the biggest asset increase with more than US$8,000 billion.
In contrast, Japan reduced both the number of wealthy people and asset size due to the impact of the Yen exchange rate.
According to this report, the number of millionaires in Vietnam is 9,000 people which is not higher compared with the figure of 2016 but the asset size of this group increased 4.6% and reached US$358 billion.
One of the reasons for the growth of millionaires’ property in Vietnam is that the stock market has increased sharply in the past 12 months. In addition, rising real estate prices and stable exchange rates also contributed to the asset size of this group.
Compared to 10 years ago, the size of assets held by Vietnamese millionaires has increased by nearly 50 per cent. In 2008 and 2009, as the stock markets and real estate plummeted, the scale of this property fell and then it rose again from 2010.
Credit Suisse forecasts the number of millionaires in Vietnam will increase to 13,000 by 2022.
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