According to the latest report of Credit Suisse Research Institute, in 2020, Vietnam’s total net asset is 965 billion USD, ranking 37th out of 168 economies tracked by Credit Suisse.
In Southeast Asia, Vietnam ranks fifth after Indonesia ($3.199 billion), Singapore ($1,627 billion), Thailand ($1,367 billion) and the Philippines ($1,024 billion).
Researchers at Credit Suisse define assets, or “net worth,” as the sum of all financial and non-financial assets minus liabilities. This method of definition can be disputed, especially when it concerns the value of intangible assets in terms of geography or cultural places.
But this calculation is similar to the balance sheet of a household or business, except that it is the balance sheet for an entire economy.
According to the report, as of 2020, the United States remains the richest economy in the world by assets, controlling $126,340 billion in assets, or 30.3% of the world’s total net worth. China ranks second with total assets of $74,884 billion, accounting for nearly 18% of total global net worth.
The 40 richest economies in the world by assets
1. United States: $126.340 billion
2. Mainland China: 74,884 USD
3. Japan: $26.931 billion
4. Germany: $18.274 billion
5. UK: 15,284 billion USD
6. France: 14,958 billion USD
7. India: $12.833 billion
8. Italy: $11.901 billion
9. Canada: $9,948 billion
10. Australia: $9,268 billion
11. Korea
12. Spain
13. Netherlands
14. Taiwan (China)
15. Switzerland
16. Mexico
17. Indonesia
18. Hong Kong (China)
19. Belgium
20. Russia
21. Brazil
22. Sweden
23. Austria
24. Poland
25. Denmark
26. Saudi Arabia
27. Singapore
28. Turkey
29. Thailand
30. Iran
31. Israel
32. New Zealand
33. Portugal
34. Egypt
35. Norway
36. Philippines
37. Vietnam
38. Ireland
39. United Arab Emirates
40. Greece
Source: CafeF
Source: Vietnam Insider