At least 10 wealthy Vietnamese have ordered the new Mercedes Maybach sedan retailing at a cool $450,000 here in Vietnam.
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The ultra-luxury sub-brand of the Mercedes-Benz S Class, the Maybach S600, sells for $167,000 in Europe. As if it weren't expensive enough already, Vietnam's levy of massive taxes on cars and luxury goods boosts the car's cost nearly 270% more after all is said and done, reports Thanh Nien.
When put into economic context, the price is even more glaring. The World Bank calculated Vietnam’s per capita income at $1,890 in 2013. So, each car equates to the salaries of 238 workers who make the average income.
As we’ve mentioned before, there seems to be no limit to the flamboyance in the wealthy’s spending habits in Vietnam. The number of super wealthy (defined as a net worth of over $30million) individuals in Vietnam has increased by 400% in the last decade, and the demographic Thanh Nien - Thanh Nien(!!!), wine with gold leaf flakes, moon cakes with gold filling, and, of course, cars are just some of the ‘cherished’ items the super wealthy have deemed necessary to throw their money at in recent years.
This just seems to be the latest example of how Vietnam’s wealthy decide to relieve themselves of their cash.
