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 late March, 29 labourers from Da Bac district were sent to work as seasonal farm workers in Buyeo county, Chungcheongnam province, the Republic of Korea (RoK). Upon arrival, they quickly settled into their jobs, enjoying good working conditions and benefits, with wages aligned with the terms of their signed contracts. The programme is now being expanded, with relevant departments and sectors actively seeking additional seasonal employment opportunities in various localities across the RoK.
Luong Son Industrial Park has invested in standardised wastewater and emissions treatment systems, enforced tight emission controls, reduced noise, dust, and solid waste, and expanded green spaces, contributing to protecting the environment and promoting sustainable development.
Hoa Binh police are collecting public feedback on amendments to the 2013 Constitution via the national identification app VNeID. This innovative approach marks a giant leap towards modernising grassroots democracy and enhancing transparency in public consultation.
A total public investment capital of 113 billion VND (over 4.3 million USD) was disbursed for a project to upgrade infrastructure and stabilise residents in the vicinity of the Da River reservoir between 2021 and the first quarter of 2025, giving a facelift to local rural areas and improving the quality of people's life.
Since the end of 2023-2024 academic year, Cu Yen Primary and Secondary School in Luong Son district has deployed e-study records for all of its 500 primary students, said the school principal Nguyen Thi Tuyen.
The Labour Federation of Hoa Binh city has actively worked to protect the rights and welfare of nearly 8,000 local workers and union members at 152 grassroots unions. Through regular dialogues, education campaigns, and welfare programmes, the federation has helped foster stable, progressive labour relations.
