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How have the top richest people in Vietnam changed after a decade?

According to data collected from the World Inequality Database, in 2021, the top 1% of the richest people in Vietnam account for 26.5% of the country’s wealth, while 10 years ago, the richest people in The richest account for only 25.5% of assets.

The figure is similar everywhere around the world, with the share of the richest 1% in global wealth having increased over 10 years. Inequality, in particular, has skyrocketed in developing countries. According to the study, the gap between rich and poor in these countries now accounts for more than two-thirds of global inequality.

Trend 10 years: How has the top richest in Vietnam changed after a decade?  - Photo 1.

In the same 10 years, the wealth-to-national ratio of the poorest 50% of the population increased by only 0.1%, from 5.5% to 5.6%.

Trend 10 years: How has the top richest people in Vietnam changed after a decade?  - Photo 2.

To be in the top 1% of the population with the largest assets in Vietnam 10 years ago, you only need to have a minimum asset of 151,166 USD (nearly 3.5 billion VND). But by 2021, to reach this top, you need to have a minimum asset of 259,149 USD (nearly 6 billion VND), and to be in the top 10%, you need to have a minimum asset of 61,313 USD (nearly 1.4 billion VND). VND).

Trend 10 years: How has the top richest people in Vietnam changed after a decade?  - Photo 3.

However, these numbers may not fully cover all aspects, in the context that the assets of many Vietnamese people exist mainly in the form of real estate.

In developed countries, such as the US or Australia, databases of real estate by market value are included in the statistics because they tax the property’s market value. Therefore, when evaluating total assets, statistical firms will easily calculate asset values ‚Äč‚Äčthat are very close to market prices. In other countries, the increase in house prices will be attributed to irregular income and people have to pay taxes on that part of the irregular income. While in Vietnam, no department has quickly updated information about the increase in house prices.

The average wealth of the top 1% of richest people in Vietnam has increased by more than 84% from 442,139 USD to 814,776 USD after 10 years.

Trend 10 years: How has the top richest people in Vietnam changed after a decade?  - Photo 4.

The average wealth of the top 50% of the poorest population in Vietnam has increased by more than 79% from $1,912 to $3,429.

Trend 10 years: How has the top richest in Vietnam changed after a decade?  - Photo 5.

https://cafef.vn/trend-10-nam-top-nhung-giau-nhat-viet-nam-da-thay-doi-ra-sao-sau-mot-thap-ky-2022041610154401.chn


According to Thai Quynh

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