Rich Vietnamese primarily reside in ultra-luxury, gated urban areas in major cities, with Ho Chi Minh City (HCMC) having the highest concentration, including 7,700 millionaires. Key hotspots are high-end developments in HCMC (District 2, District 7) and Hanoi, focusing on security, modern amenities, and luxury lifestyles.
Ho Chi Minh City is commonly referred to as the economic center of Vietnam, and in 2022 the city's GDP was $59.5 billion, which accounted for 22 percent of the national GDP.
Vietnam currently has five billionaires listed on Forbes' real-time global billionaire rankings, with their combined wealth marking a notable presence on the international financial landscape.
Welcome to Millionaires Row. This is probably the most expensive neighborhood in all of Dana and Vietnam and the reason they call it Millionaires Row because every house you see around me is worth tens of millions of dollars. Nothing in this neighborhood is sold for under a million dollars.
The property cost in Vietnam depends on the type, area, number of rooms, proximity to the sea, and city. Premium properties on the first line are more expensive. A house in the suburbs can be purchased for $100,000. In Hanoi, villas are offered at a price of $500,000 and above.
You can retire in Vietnam once you meet the following criteria: You are officially retired in your home country. You have valid health insurance. You are financially independent and can support yourself and your family during your allowed stay in Vietnam.
In 2024, Ho Chi Minh City leads the country in budget revenue, collecting over 681.9 trillion VND (about 26.9 billion USD), which accounts for nearly 31% of the national total.
Luxury apartments in Ho Chi Minh cost an average of VND 14.36 million (U.S. $6,266) per square meter in the last quarter of 2021, according to the Ministry of Construction. The price equated to a 23% year-over-year growth. Record-high prices amounted to almost VND 400 million (U.S. $17,555) per square meter.
A report published in 2024 by South Africa's New World Wealth and Switzerland's Henley & Partners showed that Vietnam had 19,400 millionaires with a net worth of over $1 million each and 58 centi-millionaires with assets exceeding $100 million each.
District 1 also contains most of the city's corporate and financial businesses. Many are located in the Nguyen Hue Street area and up north towards the Notre Dame Cathedral of Saigon. Because of all this, District 1 is generally the most expensive area of Ho Chi Minh City.
Vietnam's Budget Airline Founder Is Southeast Asia's Only Woman Billionaire. Nguyen Thi Phuong Thao, CEO of VietJet Air, has an estimated net worth of $1.2 billion.
To answer this question, yes, $1000/month is a strong income in Vietnam, especially for the locals. The average salary in Vietnam is approximately $320 per month, so if you earn $1000, you are earning in the top 10-15%. Let's look at what $1000/month can afford: Housing (1-bedroom apartment in city centre): $300-500.
Where do most expats live in Vietnam? As a first time expat in Vietnam, you will probably want to stay close to the two major metropolitan areas β Hanoi (population 5 million) in the North, and Ho Chi Minh City (Saigon; population 9 million) in the South.
Vietnam currently has five US-dollar billionaires recognised by Forbes: Pham Nhat Vuong, Nguyen Thi Phuong Thao, Tran Dinh Long of Hoa Phat Group (2.7 billion USD), Ho Hung Anh of Techcombank (2.3 billion USD), and Nguyen Dang Quang of Masan Group (1.1 billion USD), with a combined net worth of 35.7 billion USD./.
Yes, foreigners can buy property in Vietnam, but there are a number of important restrictions you need to know about. The good news though is that you don't necessarily need to be a resident of Vietnam to buy property there.
Ho Chi Minh β The Man Behind Vietnam's Independence Ho Chi Minh (born Nguyα» n Sinh Cung in 1890) is widely recognized as one of the most influential leaders in Vietnam's history. He was not only the founding father of modern Vietnam but also a symbol of resilience, independence, and national unity.
According to news from the World Bank: Vietnam π»π³π»π³ is a development miracle. In just nearly 30 years, Vietnam has reduced the extreme poverty rate from 50% of the population (1992) to less than 1% of the population (2024).
Nowadays, "Saigon" is still used as a semi-official name for the city, in some cases being used interchangeably with Ho Chi Minh City, partly due to its long history and familiarity.
Among the problems when living in Vietnam that a foreigner might face, the language barrier muts be at the top of the list. Only a few Vietnamese people know foreign languages, including international languages ββsuch as βEnglishβ, but foreigners can try learning some basic sentences to help them get around easily.
Can I collect social security and live in Vietnam?
If you are a United States citizen, you may continue to receive payments while outside the U.S. You must be eligible for payments and you must be in a country where we can send payments. If you are not a U.S. citizen, you must meet one of the conditions for payment described in the next section.
