Wealth in Vietnam is concentrated among a few prominent business tycoons, led by Phạm Nhật Vượng (Vingroup/VinFast), followed by others like Trần Đình Long (Hoa Phat), Hồ Hùng Anh (Techcombank), and Nguyễn Thị Phương Thảo (Vietjet Air), whose fortunes have grown significantly through real estate, manufacturing, and tech, although broader income inequality shows the top 10% earn nearly 40% of national income.
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./.
Vietnam had 5,459 individuals with a net worth of $10 million or more last year, the smallest number in Southeast Asia, according to a recent study. The country's figure accounted for 0.2% of the global number, according to The Wealth Report 2025 released earlier this month by data researcher Knight Frank.
Yes, you can live comfortably on $1,000 a month in Vietnam, especially outside major city centers like {!nav}Hanoi or Ho Chi Minh City, by focusing on local food, renting motorbikes, and choosing more affordable cities like Da Nang or {!nav}Hoi An, though it might be tighter for luxuries in the big cities. Your money goes further as the average local salary is much lower, allowing for budget-friendly housing, cheap transportation, and inexpensive local dining, notes Remitly.
Yes, $100 USD (around 2.5 million VND) is a significant amount for a short trip in Vietnam, enough for budget-to-mid-range travel for several days, covering delicious street food, comfortable guesthouses, and local transport, though it can be spent quickly on high-end dining or luxury hotels, with average monthly incomes being much lower.
Yes, $1000 USD is generally enough for two weeks in Vietnam for a budget to mid-range traveler, covering basic expenses like hostels, street food, local transport, and some tours, but it will be tight or insufficient if you plan on many expensive tours (like Ha Long Bay cruises), shopping sprees, or fine dining, so budget carefully for activities and souvenirs.
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.
🇹🇭 Thailand – 6.7 years 2. 🇻🇳 Vietnam – 6.3 years 3.
The cheapest countries in the world are Pakistan, Egypt, and Bhutan. To live comfortably in one of these states, a person needs under $400 per month. These countries, however, are unconventional choices for expats and digital nomads because of their low levels of safety and quality of life.
The United States, Canada, Japan, South Korea, Turkey, the Southern Cone, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World".
The primary social issues in Vietnam are rural and child poverty. Vietnam scores 37.6 in the Gini coefficient index of wealth inequality, with the top 10% accounting for 30.2% of the nation's income and the bottom 10% receiving 3.2%.
Ho Chi Minh City is home to many millionaires and billionaires across the country.
Ho Chi Minh – The Father of Modern Vietnam
The most revered figure in Vietnamese history, Ho Chi Minh led the fight for independence and national unity.
The world's 10 richest families
Professor Anh Tran reacts to the female businessowner sentenced to death for defrauding a Vietnam bank for £35bn. Vietnam has been rocked this past week by Truong My Lan, a female Vietnamese billionaire being sentenced to death for defrauding the Saigon Commercial Bank over an eleven-year period.
If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them.
Yes. While foreign ownership of land in Vietnam is prohibited, foreigners can invest in real estate entities connected to land through leaseholds. These entities, such as apartments or villas within developments, come with long-term lease agreements, typically lasting for decades.
Vietnam's most expensive city is Ho Chi Minh City, followed by Hanoi. Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month. Many Westerners who live in Hanoi and Ho Chi Minh City get by spending around $500 per month, but it's a no-frills lifestyle.
The cheapest countries to buy a house often include nations in Southeast Asia (like Vietnam, Thailand), Eastern Europe (such as Bulgaria, Romania, North Macedonia), and Latin America (Mexico, Colombia, Ecuador) due to lower property prices and living costs, with some offering residency benefits, though options vary greatly by location and investment goals.
Hanoi, Da Nang, and Ho Chi Minh City are renowned as alluring destinations that entice numerous Australians in Vietnam in search of their perfect home.
Yes, you can live comfortably on $1,000 a month in Vietnam, especially outside major city centers like {!nav}Hanoi or Ho Chi Minh City, by focusing on local food, renting motorbikes, and choosing more affordable cities like Da Nang or {!nav}Hoi An, though it might be tighter for luxuries in the big cities. Your money goes further as the average local salary is much lower, allowing for budget-friendly housing, cheap transportation, and inexpensive local dining, notes Remitly.
Ideal flight time from Sydney to Vietnam
Given that typical flights from Sydney to Vietnam take 8 hours 55 minutes, you can select a night flight to rest before landing in Vietnam.