Want to be in the loop?
subscribe to
our notification
Business News
THE BRIGHT PROSPECTS OF VIỆT NAM'S ASSET MANAGEMENT INDUSTRY
Việt Nam boasts 19,400 US dollar millionaires - a 98 per cent increase over the past decade.
Services for VPBank's priority customers. — Photo courtesy of VPBank
HÀ NỘI — In the dynamic global economic landscape, the asset management sector is emerging as a standout field, with rapid growth fuelled by wealthy, middle-class and high-net-worth investors, transitioning towards professional asset management models and high-tech applications.
According to a 2023 Knight Frank report, Việt Nam boasts 19,400 US dollar millionaires, marking a 98 per cent increase over the past decade, which includes six billionaires and 58 individuals with over US$100 million in assets.
The robust development of the affluent and middle-class is driving demand for estate management services as individuals and family businesses focus on optimising assets and long-term financial planning.
McKinsey forecasts a 20 per cent annual market growth rate in this sector, with revenue projected to increase by 23 per cent annually over the next three years.
By 2027, the Vietnamese estate management market is expected to reach approximately $130 billion.
For highly liquid assets like stocks and bonds, the Assets Under Management (AUM) in Việt Nam has surged from VNĐ95 trillion ($4.5 billion) in 2014, to over VNĐ600 trillion ($25 billion) in 2023, equivalent to 5.7 per cent of GDP, according to the State Securities Commission of Việt Nam (SSC).
Compared to other markets in the region such as Thailand, Malaysia (30 - 40 per cent of GDP), or developed countries and regions like Taiwan (China), South Korea (60 - 67 per cent of GDP), Việt Nam still holds significant development potential.
The CEO of Thiên Việt Asset Management JSC, Trần Vinh Quang, said that the middle class is experiencing significant growth and the expected upgrade of the stock market will be a driving force propelling the asset management industry to reach remarkable heights in the coming decade.
Moreover, the increasing savings rate for investment from the middle-income investor group, reaching 10 - 12 per cent annually, is expanding opportunities for the market.
These factors provide a solid foundation for asset management companies in Việt Nam to develop comprehensive financial solutions, meet customer needs and enhance competitive capabilities in both regional and international markets.
The asset management sector in Asia is rapidly evolving, presenting significant opportunities for Việt Nam. Domestic clients prioritise sustainable financial solutions, reasonable risks and deep market understanding.
This scenario, both an opportunity and a challenge, demands enterprises to innovate, digitise and improve service quality to meet increasingly high expectations.
The future of Việt Nam's asset management industry will depend on continuous innovation and technology applications to address the diverse needs of customers. — VNS
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
