Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners.
The Southeast Asian country is forecast to see a 125% increase in wealth over the next 10 years, Andrew Amoils, New World Wealth's analyst, told CNBC.
This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the firm's analysis.
"Vietnam is an increasingly popular manufacturing base for multinational tech, automotive, electronics, clothing and textile firms," Amoils said.
India, which is set to become the world's third-largest economy by 2027, takes the second spot with an expected 110% growth in wealth, he added.
Persons:
Andrew Amoils, Amoils
Organizations:
Wealth, Henley & Partners, CNBC
Locations:
Vietnam, Andrew Amoils ,, India, Asia, Pacific