Vietnam’s growing middle class and the investment opportunities

Vietnam has gained importance in the global supply chain over the years. The growing manufacturing sector and exports have contributed to this. In addition, economic reforms have further boosted growth. This positive development with increasing employment opportunities has created a rapidly growing middle class in Vietnam. It currently accounts for 13% of the population and is expected to double by 2026. At the same time, per capita income is expected to reach USD 7,500 by 2030.

“Investing in the Vietnamese stock market is one of the ways for investors to tap into the sectors that benefit from Vietnam’s growing middle class,” says Ngo The Trieu, CEO & Head of Investments at Eastspring Vietnam. In a new analysis, he explains the growing stock market and highlights sectors that should benefit the most from the growing middle class, including the financial sector and the property market.

Read more at Eastspring.com/lu.