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A bicycle saddle production line for export at Pro Active Global Vietnam Company, in Binh Duong. (Photo: VNA) Once among the poorest countries in the world, its economy is now booming and the World Bank describes it as one of the most dynamic and emerging countries in the entire East Asia region, Business said in an article published last week, calling Vietnam a “new Asian tiger.” Singapore’s DBS Group Research forecasts Vietnam's GDP growth to reach 8 percent in 2022, boosted by an accommodative monetary policy. The International Monetary Fund (IMF) has predicted that Vietnam will climb three spots to rank third in GDP among ASEAN member states this year, thanks to the fast-growing middle class and the rise of ultra-rich people. Knight Frank’s latest Wealth Report estimates there were about 19,500 high-net-worth individuals in Vietnam in 2020, defined as those with assets of at least 1 million USD, the article said. By 2025, that number is expected to grow by almost 25 pe

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