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If this pace continues, will Vietnam soon become one of the fastest centers for creating billionaires and millionaires in Asia?
Despite global economic fluctuations, Vietnam is emerging as one of the countries with the fastest growth in wealth in the world. The latest report from Knight Frank shows that Vietnam ranks 4th globally in the growth rate of the number of super-rich individuals in the period 2026–2031.
Growth of the Super Rich in Vietnam
Year Number of people owning over 30 million USD
2021 954
2026 1,233
2031 (forecast) 1,960
Growth 2021–2026: +29.2%
Growth 2026–2031: +59%
Growth 2021–2031: +105.4%
This means that in just 10 years, the number of people owning assets over 30 million USD in Vietnam can double.
Where Is Vietnam Standing?
According to Knight Frank, the group of economies growing rapidly in terms of UHNWI (Ultra High Net Worth Individuals) is no longer the US or China but is shifting to emerging markets such as:
✅ Indonesia
✅ Saudi Arabia
✅ Poland
✅ Vietnam
This is a sign that the process of asset accumulation in Vietnam is happening faster than in many developed countries.
The Richest Billionaires in Vietnam in 2026
According to Forbes list:
Billionaire Business Asset
Pham Nhat Vuong Vingroup 27.7 billion USD
Nguyen Thi Phuong Thao Vietjet Air 4,2billion USD
Pham Thu Huong Vingroup 3 billion USD
Tran Dinh Long Hoa Phat 2.9 billion USD
Ho Hung Anh Techcombank 2.5 billion USD
Pham Thuy Hang Vingroup 2.1 billion USD
Nguyen Dang Quang Masan Group 1.2 billion USD
Ngo Chi Dung VPBank 1.2 billion USD
What's Creating This Wave of Wealth?
The stock market recovered strongly
The value of private enterprises increased
Real estate continues to be a major channel for wealth accumulation
Export and manufacturing technology expanded
The development of a billion-dollar private enterprise ecosystem
In particular, the electric vehicle, banking, steel, aviation, consumer and real estate sectors are the largest "wealth creation machines" in Vietnam.
Remarkable Perspective
Vietnam is not currently the country with the most billionaires in the region, but it is in the fastest growing group. If the current pace is maintained, the number of individuals owning assets of over 30 million USD could approach the 2,000 mark by 2031, making Vietnam one of the most attractive private property markets in Southeast Asia.
Will a country with nearly 2,000 people owning over 790 billion VND by 2031 create huge investment opportunities or widen the gap between rich and poor? Please share your perspective!
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