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Vietnam is one of the top 20 richest countries in Asia

July 14, 2023 07:24 AM

According to the Organization for Economic Cooperation and Development (OECD), Asia has demonstrated considerable resilience in the face of global instability.

China, Japan, and India are regarded as the three richest countries in this area.

Asia’s wealthiest countries and regions

According to the Insider Monkey financial page’s list of nations, the richest territory in Asia, the top five countries with total assets are:

  • China has $85.107 trillion in total assets.
  • Japan has a total asset value of $25.692 trillion.
  • India has a total asset value of $14.225 trillion.
  • South Korea has $10.149 trillion in total assets.
  • Taiwan has 5 total assets of $878 trillion.

Vietnam’s overall wealth was around $985 billion, placing it 16th among Asia’s 20 richest nations and territories.

Insider Monkey analyzed financial and non-financial assets data from Credit Suisse Financial Group through the end of 2021 to evaluate the amount of wealth amongst nations and territories. This strategy was only based on the amount of assets, not considering natural resources, economic potential, infrastructure, human resources, and so on.

According to the Insider Monkey Finance analysis, Vietnam is a developing country with a low average level of economy, but it has a highly outstanding growth rate and is regarded as one of the most impressive growing economies in the 21st century.

In addition to the ranking, the OECD predicts that Asian nations’ average GDP growth rate will reach 5.3% in 2023 and 5.4% in 2024.

Vietnam – An appealing Asian investment place

Investing in Asia has emerged as a significant and appealing trend for investors worldwide. Asia is becoming a top investment destination due to its rapid economic expansion, large consumer market, and growth potential. Here are some possible Asian investing opportunities:

Energy and environment: With a rising interest in environmental preservation and the demand for clean energy, renewable energy, solar power, wind, wastewater treatment, and environmental management are becoming potential investment opportunities in Vietnam and Asia.

Manufacturing industry: Asia is one of the world’s main manufacturing centers, with plenty of labor and low production prices. China, Vietnam, India, and Thailand are drawing investors in a variety of manufacturing industries, including automotive, electronics, consumer products, and other industrial output.

Healthcare and pharmaceuticals: With a huge population and rising need for healthcare, Asia in general, and Vietnam in particular, are prospective markets in the health and pharmaceutical industries. When seeking investment prospects and the development of medical goods and services in Asia, foreign pharmaceutical and medical enterprises could consider Vietnam as an alternative.

Education and training: With Asia’s growing population and increasing need for quality education, businesses should explore this prospective sector while investing in Asia.

E-trade and e-commerce: Asia is experiencing an e-commerce revolution, with an increase in online trade and e-markets. Investing in Asia for e-commerce platforms, e-trading technologies, and payment systems will enable firms to grow fast.

Transportation and logistics: With a booming network of roads, railroads, air and sea lines, Asia is an important transportation and logistics center. Businesses that choose to invest in Asia will soon reap the benefits of investing in transportation infrastructure, logistics technology, and transportation services.

Creative and creative engineering sectors: Asia is advancing the growth of creative and creative engineering sectors, from the development of new goods and services to the encouragement of entrepreneurship and innovation. Investing in innovative sectors such as high-tech, robotics, artificial intelligence, and technological creativity will enable organizations to stay ahead of the competition and develop swiftly.

Foreign companies looking to invest in Asia, particularly Vietnam, can contact Gaw NP Industrial, an international property developer that knows the country’s demands and markets. Gaw NP Industrial specializes in supplying ready-built factories, warehouses, logistics centers, and construction tailored to the needs of businesses.

For assistance, please call Hotline +84 789 75 77 88.

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