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If predictions of an above-average monsoon this year pan out, it will help agricultural output and support rural income. The market is expecting a bounce back in rural demand from a good monsoon, Ajit Banerjee said.
The personal financial assets market in Vietnam is forecast to provide significant opportunities for wealth management services.
Wealthy people typically settle in more developed countries such as Canada, Switzerland, Germany, the United States, and the United Kingdom.
A slew of premium foreign brands, from toys to fashion and mother and baby products, have entered the Vietnamese market to tap into rising incomes.
The rapid increase of an affluent and middle class generates opportunities for wealth management services in Vietnam.