Vietnam to see 125% increase in wealth in next decade: New World Wealth
Vietnam is poised to see the sharpest spike in wealth growth over the next decade as the country cements its status as a global manufacturing hub, US business news website cnbc.com quoted a report from New World Wealth – a wealth intelligence firm based in South Africa and Henley&Partners – a global leader in residence and citizenship by investment based in London.
Hanoi (VNA) – Vietnam is poised to see the sharpest spike inwealth growth over the next decade as the country cements its status as aglobal manufacturing hub, US business news website cnbc.com quoted a reportfrom New World Wealth – a wealth intelligence firm based in South Africa andHenley&Partners – a global leader in residence and citizenship by investmentbased in London.
New World Wealth’s analyst Andrew Amoils told CNBC that the Southeast Asiancountry will experience a 125% increase in wealth in the next ten years, thelargest expansion in wealth of any country in terms of GDP per capita, andnumber of millionaires.
“Vietnam is an increasinglypopular manufacturing base for multinational tech, automotive, electronics,clothing and textile firms,” the website quoted Amoils as saying.
Thecountry, which is home to 19,400 millionaires and 58 centimillionaires, isperceived as a relatively safe country compared with other nations in theAsia-Pacific region, Amoils said,which provides companies an extra incentive to set up manufacturing operationsin the county.
The CNBC's article (Screenshot photo)
A report from McKinsey showed that Vietnam’s strategic location,low cost of labour and infrastructure supporting exports have all transformedthe country into a prime destination for international investment.
Meanwhile, chief investment officer of VinaCapital Group told CNBC that Vietnamis developing rapidly and most of the population is benefitting./.
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The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A corner of HCM City (Getty Images/CNBC) 
The CNBC's article (Screenshot photo) 
