Vietnam millionaire migration

Vietnam is experiencing a remarkable period of prosperity, with the country’s millionaire population growing by an impressive 98 %over the past decade. Ho Chi Minh City, the nation’s economic hub, is at the center of this wealth boom, fueled by a dynamic business environment and rapid economic development. Today, Vietnam is home to 19,400 millionaires, 58 centi-millionaires, and 6 billionaires — a testament to its economic progress. However, amid this prosperity, a surprising trend has emerged. In 2024, Vietnam is forecast to experience a net out flow of 300 high net worth individuals as the nation’s millionaires seek opportunities abroad. This exodus is driven by a desire for greater economic prospects, access to world-class education and healthcare, and a higher quality of life. The appeal of investment migration For Vietnam’s ambitious entrepreneurs, investment migration has become an attractive option. These wealth creators are looking to expand beyond the domestic market and tap into the…