Vietnam’s private banking dream is still distant — here’s why

Ho Chi Minh City, Vietnam. Credit: Shutterstock

Vietnam’s private wealth market is expanding rapidly, but industry executives say the country’s dream of developing a fully fledged private banking ecosystem comparable to regional hubs such as Hong Kong and Singapore remains far away. Tuan Nguyen, MB Private The country has produced a fast-growing cohort of wealthy entrepreneurs, supported by strong domestic growth and rising capital inflows. Yet despite the increase in…

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