Vietnam among 20 richest countries in Asia

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(VOVWORLD) - Vietnam ranked 16th among the top 20 richest countries throughout Asia, as compiled by Insider Monkey, a finance website focusing on financial markets, hedge funds, and insider trading.

Despite being a developing nation with a lower-middle-income economy, Vietnam has experienced remarkable economic growth, making it one of the fastest-growing economies in the 21st century, the website commented. Vietnamese wealth in 2021 stood at 985 billion USD, making it one of the richest Asian nations. 

To determine which are the wealthiest countries in Asia, Insider Monkey analyzed data from Credit Suisse’s Global Wealth Databook 2022. This database calculates wealth, as of 2021, based on the value of financial and non-financial assets while subtracting debt.