Vietnam's Wealthy Broaden Portfolios Beyond 2 Traditional Havens as Fortunes Pass to Heirs
Updated
Updated · Nikkei Asia · Jun 15
Vietnam's Wealthy Broaden Portfolios Beyond 2 Traditional Havens as Fortunes Pass to Heirs
1 articles · Updated · Nikkei Asia · Jun 15
Summary
Wealthy Vietnamese are moving money into a wider mix of assets, reducing reliance on gold and property as family fortunes begin shifting to the next generation.
That diversification push reflects heirs' different risk preferences, even as capital controls and longstanding distrust of financial markets still limit how far portfolios can spread.
Gold and real estate have long served as Vietnam's 2 dominant wealth stores, making the shift notable for a market where preservation has often outweighed broader investment strategies.
The change points to a gradual evolution in how private wealth is managed in Vietnam, with succession emerging as a key driver of more varied asset allocation.