Hanoi and Ho Chi Minh City remained among the global Top 10 most dynamic growing cities in JLL’s Short-Term City Momentum Index (CMI) 2019, which tracks socio-economic and commercial real estate growth in 131 cities over a three-year period.
Hanoi ranks third among the global Top 10 most dynamic growing cities in
JLL’s Short-Term City Momentum Index (CMI) 2019. (Photo: Shutterstock))
Hanoi was ranked third while HCM City was ranked eighth, making
Vietnam the strongest performer with two cities ranking the highest in ASEAN,
said JLL.
In its report, JLL said that the two
cities in Vietnam performed very well for socio-economic momentum, with
fast-growing populations and economies.
"HCM City is generally viewed as
the more business-friendly destination attracting more overseas investment
along with a higher corporate presence, whereas Hanoi has lagged commercially
but is a city that is swiftly evolving."
On the real estate front, Vietnam has
"a small real estate investment market struggling with issues such as low
transparency and a limited volume of investment grade stock," JLL added.
However, steps are being taken to
improve transparency, such as enhanced access to the land registry, better
valuation practices and increasing application of green building certification
system, it said.
Two other ASEAN countries also made the
top 20 list in JLL’s index. The Philippines was represented by Manila in 12th
place and Thailand by Bangkok in 18th place.
According to JLL, the City Momentum
Index looks at 20 indicators including recent percentage changes in city GDP,
population, air passengers and corporate headquarters presence; projected
percentage changes in GDP, population and retail sales; and recent levels of
and changes in foreign direct investment, as a proportion of a city’s economy.
Other were recent and projected percentage
changes in office net absorption, office rents, retail rents and hotel rooms;
international retailer presence; and recent changes in direct commercial real
estate investment volumes and real estate transparency.
Source: NDO
At HANOI JVC Training Center (Hanoi), the Farmers’s Support Center, the Provincial Farmers' Union and VTC1 International Development joint Stock Company recently held a signing ceremony for a cooperation agreement to link consulting and create the labor resources working abroad for a limited period of time.
In recent years, the education career in Yen Thuy district has changed positively. The school facilities have newly been built and the quality of education has improved.
The Board for Women's Advancement of Hoa Binh province on November 11 officially launched the Action Month for Gender Equality, focusing on preventing and addressing gender-based violence. As part of the event, a special talk was held on the theme of sharing household work for a happy family. The event drew 300 delegates, including Nguyen Van Toan, Standing Vice Chairman of the provincial People's Committee and head of the provincial Board for Women's Advancement.
The people in Hoa Binh province are aware of the need to build and preserve the cultural traditions and unique customs of their communities, especially those related to ethnic identities and family values which serve as foundation for a vibrant, tradition-rich Hoa Binh, enriching community life. In recent years, the province’s Party Committee, authorities, and residents have paid heed to building and developing family values and fostering human standards in the new era.
The festival of great national solidarity and culture in 2024 was held at the communal house of Da Bac district on November 5. Vice Chairman of the provincial People’s Committee Nguyen Van Toan and leaders of departments and sectors attended the event.
The Labor Federation of Da Bac district has focused on protecting workers' rights while actively participating in patriotic emulation movements to enhance the creativity and productivity of the local workforces across agencies, organisations and enterprises.
