the rich

Update news the rich

Great potential for luxury goods in Vietnam

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.

1.5 million Vietnamese join middle class each year

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

Number of super-rich people boom, poor households on the rise

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 nouveau riche in the real estate market

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.

Driving luxury cars: who says Vietnamese are poor?

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?”

Assets of 50 richest women reach $1 billion

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

What do rich Vietnamese spend their money on?

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

Building “castles” becomes a fashion among the rich

 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.”

Vietnamese measure richness in luxurious cars and smart phones

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

Villas of the rich in Saigon also welcome Christmas

 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.

The rich entertain tiger, hippo breeding hobby

 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.

The rich spend money on luxurious goods despite crisis

 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.

The businessmen aged over 70

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.

The way the 100 richest Vietnamese families earn their money

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

Vietnamese billionaires better known in western world

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

In crisis, multi-million dollar villas attract Vietnamese millionaires

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.

Domestic market frozen, people seek to buy overseas properties

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.

Economists say deflation, not inflation, is big worry for now

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

Luxurious food and drink still in high demand

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

The Vietnamese young ladies with colossal fortunes

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