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
More than just an information technology teacher, Bui Van Nien is an inspiring figure who has nurtured the scientific curiosity and creative spirit of students in Vietnam’s ethnic minority communities.
Da Bac is the most disadvantaged mountainous district in Hoa Binh province, with ethnic minorities accounting for about 90% of its population. Over the past years, the district has mobilised resources to implement ethnic policies to improve the quality of life of local people.
In recent years, Hoa Binh province has consistently prioritised the protection, care, and education of children, particularly those from ethnic minorities and disadvantaged backgrounds, by creating a safe, healthy, and nurturing environment for their all-round development.
The Steering Committee for Tobacco Harm Prevention and Control of Hoa Binh province, in coordination with the Tobacco Harm Prevention and Control Fund, held a ceremony on May 28 in response to the World No Tobacco Day (May 31) and the National No Tobacco Week (from May 25 to 31). The event was chaired by Nguyen Van Toan, Standing Vice Chairman of the provincial People’s Committee and head of the Steering Committee.
Since 2021, the Center for Industrial Promotion and Industrial Development Consulting (CIIDC) under the Department of Industry and Trade has been implementing a school lighting model as part of the plan for using energy efficiently and economically in Hoa Binh Province in the pẻiod of 2021 - 2025. This model not only aims to improve the learning conditions and enhance the education quality, but it also promotes the message of energy saving, energy security, environmental protection and contributes to the goals of socio-economic development.
In the 2024 - 2025 school year, the entire Hoa Binh provincial education sector includes 520 educational institutions and schools. Among them are 13 ethnic boarding schools with 153 classes and 4,487 students. Four of these schools have met national standards, reaching 30.7 percent.
