Keyword: "middle class"

Positive factors seen in Vietnam’s retail sector would bring opportunities for the domestic real estate market. The Ministry of Industry and Trade forecasts that in 2025, the retail market is projected to reach 350 billion USD, contributing 59% of the total state budget.

Vietnam, India, and Indonesia are set for a tourism “bonanza” as their middle classes expand and grow wealthier, India’s Economic Times quoted deputy chief executive officer of hotel group Accor SA Jean-Jacques Morin as saying.

The Indonesian middle class has been shrinking over the past five years, the Jakarta Post reported on December 31.

The Indonesian Government has decided to launch some incentives for the middle class to promote their contributions to the national economy.

The personal financial assets market in Vietnam is forecast to reach hundreds of billions of US dollars in the next few years, providing significant opportunities for wealth management services.

The personal financial assets market in Vietnam is forecast to reach hundreds of billions of US dollars in the next few years, providing significant opportunities for wealth management services.

Vietnam is expected to add 36 million people to its middle class by 2030, according to a recent report by McKinsey.

Vietnam has been chosen among leading destinations in Southeast Asia by Japanese investors, Nakajima Takeo, Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi, has said.

Prime Minister of Canada Justin Trudeau said on November 2 that he expects to meet with Vietnam’s leaders to advance various important issues.

Mitsubishi Corp. is partnering with a Vietnamese firm to develop a major real estate project in Vietnam with construction costs of up to 200 billion JPY (1.9 billion USD).