Ho Chi Minh City Included in List of World’s Richest Cities in 2023

The top 10 list was largely composed of cities from the United States and China, with no cities from Europe included.

0
544
A view of Ho Chi Minh City from above (Photo: VNA)
A view of Ho Chi Minh City from above. Photo: VNA

Ho Chi Minh City, the most prominent financial center in Vietnam, has been ranked among the wealthiest cities around the globe for 2021, according to Henley & Partners, an international leader in residence and citizenship by investment, and wealth intelligence firm New World Wealth.

The World’s Wealthiest Cities Report 2023 was released by wealth intelligence firm, New World Wealth, which tracked the movements and spending habits of high-net-worth individuals such as Founders, Chairpersons, CEOs, and Directors. According to Henley & Partners, the report also took into account the number of high-priced homes in the 97 cities across the world that were analyzed.

The southern city of Vietnam is quickly becoming a new millionaire hotspot in Asia, with a number of rapidly expanding industries such as financial services, textiles, technology, electronics, telecommunication, chemicals, and tourism contributing to this growth, according to a recent report.

The top wealthiest cities in the world have been ranked based on their number of resident millionaires over the past decade, from 2012 to 2022. All figures are taken from this period.

Millionaires, or high-net-worth individuals, refer to individuals with investable assets of USD 1 million or more.

In 2023, New York City was named the world’s wealthiest city, with Tokyo in Japan and the Bay Area of Silicon Valley coming in second and third, respectively.

At the top of the list is New York City, the financial hub of the United States and the wealthiest city in the world, boasting 340,000 millionaires, 724 centi-millionaires, and 58 billionaires.

Located in Japan, Tokyo is home to an impressive number of wealthy individuals, ranking second in the world with 290,300 resident millionaires, 250 centi-millionaires, and 14 billionaires.

The Bay Area takes third place, with San Francisco and Silicon Valley boasting 285,000 millionaires, 629 centi-millionaires, and a whopping 63 billionaires. This area is truly a haven for the wealthy.

In 2000, London topped the list of the world’s cities with the most millionaires; however, over the past two decades, it has slipped down to fourth place.

Apart from Ho Chi Minh City, Singapore is the only other Southeast Asian nation to make the list, with the country currently boasting 240,100 millionaires, 329 centi-millionaires, and 27 billionaires – ranking it fifth in the top ten.

Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Ho Chi Minh City among The List of World’s Wealthiest Cities 2023
Hannah Nguyen
You may also like

Con Dao island named Asia’s paradise sea: CNN

NDO/VNA – Boasting crystal turquoise sea and a placid atmosphere, Con Dao island in the southern province of Ba Ria – Vung Tau has been named by the US Cable News Network (CNN) as one of Asia’s paradise seas.

Ho Chi Minh City tourism strives to become spearhead economic sector

NDO—The Ho Chi Minh City Party Committee held a conference on March 8 to disseminate and implement the Politburo’s resolution on developing tourism into a spearhead economic sector.

Hanoi, HCM City see good growth of tourism revenue

NDO – In the first ten months of 2016, the revenue of Ho Chi Minh City’s tourism industry amounted to VND80 trillion while Hanoi’s reached over VND50 trillion.

Lonely Planet names Con Dao among best destinations in Asia

NDO – Travel website Lonely Planet has named Vietnam’s Con Dao Islands as one of the top ten places to visit in the next 12 months.

Ho Chi Minh City launches programme on stimulating tourism

NDO – The Ho Chi Minh City Department of Tourism launched a programme on stimulating tourism in December and 2019, promising to bring fresh experiences for visitors travelling to the city.