20241206 chanel shop at shopping mall in Saigon

Women shop for cosmetics in Ho Chi Minh City. As Vietnam's per capita gross domestic product rises, consumers are no longer shy about exhibiting their wealth. (Photo by Yuki Kohara)

Luxury purchases are now mainstream for Vietnam's booming consumer class

Dual incomes and multigenerational living mean wealth goes further

TOKYO -- Married with two children, Nguyen Thi Huyen is a typical Hanoi office worker. And earlier this month the 41-year-old resident of Vietnam's capital did something that is becoming increasingly common among the nation's upper middle class: She went into a showroom of Vinhomes, part of the country's biggest conglomerate, Vingroup, and bought the family's first apartment.

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