VNExpress-Oct 3
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. The figure was cited at the Personal Financial Planning Forum 2026 in Ho Chi Minh City on Oct. 3 by Chi Huynh, deputy director of the retail banking division at Asia Commercial Bank, Tuoi Tre newspaper reported. Knight Frank’s Wealth Report 2026 forecasts Vietnam’s ultra-high-net-worth population will reach 1,960 by 2031. Only Indonesia, Saudi Arabia and Poland are expected to grow faster, according to Gulf News. Vietnam currently ranks 39th globally by number of people with net assets of at least US$30 million, according to data
publisher Visual Capitalist. The expansion reflects a broader rise in financial wealth. Boston Consulting Group expects Vietnam’s financial wealth to grow by more than 9% annually through 2030, among the fastest rates across major emerging markets.
Personal financial assets, including cash, deposits, bonds and securities, stood at around US$360 billion at the end of 2022 and could reach about US$600 billion by 2027, according to McKinsey & Company. Nguyen Tien Hoang, dean of finance and banking at Van Lang University, noted that those estimates exclude real estate and gold, which remain major stores of household wealth in Vietnam. He said any shift from those assets into financial products could sharply increase demand for professional wealth management. Industry representatives at the forum said clients are increasingly looking beyond individual products such as deposits, insurance and stocks toward broader financial plans covering different stages of life.
Bui Van Huy, CEO of investment advisory firm FIDT, said a more developed wealth management sector could channel household savings into long-term capital for the economy.
However, the market still lacks a dedicated legal framework, a broad range of products and common professional standards for advisers, he said. Le Minh Nghia, chairman of the Vietnam Financial Consultants Association, described wealth management as part of the financial market’s “soft infrastructure,” rather than a service reserved only for the ultra-rich, Banking Times reported. Read more at:
