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
In the afternoon of December 17, the Department of Culture, Sports and Tourism organized a summary and awarding ceremony for the Online Competition on preventing and controlling the Family Violence in 2024.
Implementing the Resolution of the 17th Provincial Party Congress to reach a health insurance coverage rate of 95% or more of the population, the Women's Union at all provincial levels has deployed the creative models and methods and effectively replicated them. These activities not only contribute to completing the social security goals, but they also spread the spirit of solidarity and sharing in the community.
Hoa Binh is carried out investment projects to upgrade three district medical centres in Lac Son and Yen Thuy districts and Hoa Binh city. The projects are funded by the central budget under the Economic and Social Recovery and Development Programme, aiming to improve healthcare services. The goal is to gradually develop a system of modern and quality district-level healthcare facilities.
To improve the cultural and spiritual life of the elderly, the associations for the elderly at various levels in Hoa Binh province have created many interesting and meaningful activities, attracting the participation of a large number of old people. These activities provide opportunities for them to improve both their physical and mental health, enabling them to live happily and healthily.
The pilot programme for sending Vietnamese workers to the Republic of Korea (RoK) for seasonal agricultural jobs continues under a collaboration between localities of the two countries, running for five years from January 1, 2022.
Staff of the Red Cross Society of Hoa Binh province were deeply moved by a meaningful and humanitarian act by Mr Vu Huu Lung, 86, in Hoa Binh city, to donate his corneas, which brought hopes to those yearning for the light. Before passing away, Lung left behind a noble wish to donate all of his organs, including his corneas, to help patients suffering from blindness and those in need of organ transplants to revive their lives.
