Vietnam has 1,233 ultra-rich individuals, population set for 4th-fastest growth globally
Vietnam has 1,233 people worth at least US$30 million, with their number projected to rise 59% by 2031, the fourth-fastest growth rate worldwide, according to Knight Frank.
Vietnam's ultra-rich population stands at 1,233, according to Chi Huynh, deputy director of the retail banking division at Asia Commercial Bank, as reported by Tuoi Tre newspaper. Knight Frank’s Wealth Report 2026 predicts this number will rise to 1,960 by 2031, with only Indonesia, Saudi Arabia, and Poland expected to grow at a faster pace, according to Gulf News.
Vietnam currently holds the 39th position globally for individuals with net assets of at least US$30 million, as per Visual Capitalist data. The surge in ultra-high-net-worth individuals reflects a broader financial wealth expansion, with Boston Consulting Group forecasting Vietnam's financial wealth to grow by more than 9% annually through 2030, placing it among the fastest-growing emerging markets.
As of the end of 2022, personal financial assets in Vietnam, encompassing cash, deposits, bonds, and securities, amounted to approximately US$360 billion, with projections reaching around US$600 billion by 2027, as reported by McKinsey & Company. Nguyen Tien Hoang, dean of finance and banking at Van Lang University, highlighted that these estimates do not include real estate and gold, which continue to be significant assets for many Vietnamese households.
He suggested that a shift from these assets to financial products could significantly boost demand for professional wealth management services. At the Personal Financial Planning Forum 2026, industry representatives emphasized that clients are increasingly seeking comprehensive financial plans covering various life stages, moving beyond traditional products like deposits, insurance, and stocks.
Bui Van Huy, CEO of investment advisory firm FIDT, pointed out that a more developed wealth management sector could funnel household savings into long-term capital for the economy, though the market currently lacks a dedicated legal framework, diverse products, and standardized professional practices for advisers. Le Minh Nghia, chairman of the Vietnam Financial Consultants Association, described wealth management as a vital component of the financial market's soft infrastructure, rather than a service exclusively for the ultra-rich.
Organized by the forum for the fourth consecutive year, it attracted around 500 delegates. With plans to submit policy recommendations to regulators, the forum aims to develop a robust legal framework for wealth management.
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