VietNamNet Bridge - A World Bank report recently released shows that the Vietnamese middle class has been expanding rapidly with 1.5 million people each year in recent years

VietNamNet Bridge - Vietnam is getting richer with an increasing number of ‘super rich’. At the same time, the number of poor households has been rising rapidly.

VietNamNet Bridge - As newcomers in the real estate market, they are known as ‘upstarts’ thanks to their rapid increase in capital and implementation of huge projects.

The Vietnamese people at times are proud when they talk about the country’s number of luxury cars – an indicator of the dissipation of the rich in Vietnam and they do not forget to comment further, "Who says Vietnamese people are poor?”

VietNamNet Bridge – The total stock assets of the 50 richest Vietnamese women in 2014 increased by VND5 trillion from the year before.

 VietNamNet Bridge – The Vietnamese upstarts tend to spend their money on those things which help them show off their full wallets.

 VietNamNet Bridge – Rich men in the northern provinces of Hai Duong, Hai Phong, Ha Nam, Quang Ninh and Hanoi seem to be very fond of building “castles.”

 VietNamNet Bridge – Experiencing the difficult period in economic development, Vietnamese still spend billions of dollars on luxurious cars and smart phones.

 VietNamNet Bridge – On the night of December 12, many luxury villas in the new urban area Phu My Hung in District 7, HCM City, which is the home to the rich, was sparkling with lights to welcome the Christmas.

 VietNamNet Bridge – While some big businessmen entertain themselves with the collections of luxurious cars or helicopters, others spend their money on the collections of wild animals.

 VietNamNet Bridge – While most Vietnamese try to fasten their belt in the context of the economic recession, the rich still spend money like water on luxurious goods.

Besides the President of the Lam Son Sugar Company, Le Van Tam, who is 76 years old, the list of the listed companies still shows some other businessmen at the age of over 70.

Most of the Vietnamese millionaires have got rich from their investments in the real estate sector.

The number of Vietnamese billionaires has been increasing rapidly. Especially, they have been recognized not only in Vietnam, but also in the world.

VietNamNet Bridge – While the real estate market gets frozen, multi-million dollar villas still can be sold well. It’s now the right time for the “big guys” to buy luxurious villas, as they have become cheaper than ever.

VietNamNet Bridge – Overseas remittance to Vietnam has been increasing steadily. However, the cash flow now does not go into the real estate sector any more. Meanwhile, a lot of Vietnamese are seeking to buy real estate overseas.

Vietnam feels joyful about its success in fighting against inflation, but deflation should be seen as a more serious problem, economists say.

VietNamNet Bridge – The luxurious food and drink market has become boisterous. In fact, it has never been hurt by the economic crisis.

The number of Vietnamese millionaires has been increasing rapidly, while the rich businessmen tend to be younger in recent years.