Per Knight Frank’s Wealth Report 2024 this was an increase over 2022 of 2.4 percent bringing the total to 752, Vietnam News is reporting. The report predicts that the number of ultra-high net-worth individuals in Vietnam will increase by 30 percent over 2023 numbers to reach 978 by 2028.
Note that there is no data on UHNWI provided in the 2023 version of the report, however, local media reported that there were 1,059 UHNWI in 2022. The 2022 report also has the number of UHNWI at 1,234 for 2021. It also foresaw 26 percent growth by 2026 at which point there would be 1,551.
That said, the report does note that “Our model is dynamic, so these numbers are subject to change and may not be identical to those in the hard copy of the report or previous editions.”
Also of note, by World Bank estimates, about 5 percent of Vietnam’s population was living on less than US$3.20 per day (PPP/2011) in 2020.