Update news the rich
Vietnam currently has five USD billionaires and may have six by 2025. With the rise of the rich, the Vietnamese market will be a fertile land for luxury brands.
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.
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 – 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 most Vietnamese try to fasten their belt in the context of the economic recession, the rich still spend money like water on luxurious goods.
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.
The number of Vietnamese millionaires has been increasing rapidly, while the rich businessmen tend to be younger in recent years.