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
Creating jobs for labourers in general and young people in particular is currently a focus of the province, with vocational training linked to job creation considered one of the strategic breakthrough solutions.
A total of 30 intergenerational self-help clubs (ISHC) have been established in Hoa Binh province under the project "Reducing Income- and Health-Related Vulnerability of Older Persons in Vietnam" (VIE071) since 2021.
Nguyen Thi Nu, a resident of Thach Ly sub-area in Da Bac township of Da Bac district, has been popular in the area as a simple woman that is rich in compassion. For nearly 10 years, she has spread her kindness through many charity activities to ease difficulties for the needy.
Voluntary blood donation (HMTN) is a noble and humane gesture. 24 years ago, the Prime Minister issued Decision No. 43/2000/QD-TTg on mobilizing and encouraging Voluntary blood donation and designated April 7 every year as "All-People Voluntary blood donation Day”. This is an important milestone in the movement of voluntary blood donation, creating a strong change in the awareness and action at all levels of the government and people from all walks of life.
Yen Thuy is aiming to become a new-style rural district by 2025. To achieve this goal, the district has been mobilising the entire political system and local people to early fulfil required criteria.
From a normal bamboo tree, Nguyen Van Nam in Yen Tri commune, Yen Thuy district has transformed it into a "bamboo dragon". His works have been present in many countries.