Despite being a lower-middle-income economy, the country has experienced remarkable economic growth over recent decades, making it one of the fastest-growing economies of the 21st century, wrote Insider Monkey.

According to the website, Vietnam is a member of several international and intergovernmental organisations, including ASEAN, APEC, CPTPP, the Non-Aligned Movement, OIF, and the WTO. Vietnamese wealth in 2021 stood at US$985 billion, making it one of the richest Asian nations. 

To determine which are the wealthiest countries in Asia, Insider Monkey analysed data from Credit Suisse’s Global Wealth Databook 2022. This database calculates wealth, as of 2021, based on the value of financial and non-financial assets while subtracting debt.

The finance website selected the 21 richest countries in Asia based on total wealth, duly ranking the list in ascending order of wealth.

China topped the list with total wealth of US$85,107 trillion in 2021, followed by Japan with US$25,692 trillion and India with US$14,225 trillion.

The others to make the top five include the Republic of Korea and Taiwan (China), with total wealth of US$10,149 trillion and US$5,878 trillion, respectively.

Source: VOV