Viet Nam Human Rights
»
home
»
News
»
Vietnamese cities seeing some of world’s most rapid economic growth: report
Vietnamese cities seeing some of world’s most rapid economic growth: report
29/3/18
 |
| An elevated railway line runs across the dense Hanoi. |
Ho Chi Minh City and Hanoi enter the top 10 on a new ranking for urban economic momentum.
Ho Chi Minh City has been ranked third
and and Hanoi
sixth on a new survey that measures urban centers’ short-term growth and
modernization pace around the world.
The cities are attracting sizable volumes of foreign
direct investment as they integrate into regional and global supply chains for
high-technology manufacturing, American investment management company JLL
(Jones Lang LaSalle Inc.) said in its City Momentum Index 2018.
Such global attention, which is expected to continue in
the near future, is helping to spur rapid economic and income growth, leading
to among the world’s highest rates of increase in retail sales and air
passenger numbers, it said.
Vietnam's actual foreign
investment reached an all-time high of $17 billion last year, when its aviation
industry also served a record number of more than 94 million passengers.
Stephen Wyatt, regional director of JLL Vietnam, said that
seeing the Vietnamese cities in the top 10 "is not surprising."
"The pace of development within both cities is very
evident and the government is making significant investment in infrastructure,
which will help continue this momentum into the future," he said in a
statement.
"There is an energy and buzz within the cities, with
high levels of confidence and positive market sentiment," he said.
Last year, Ho Chi Minh City
was ranked the world’s second most dynamic city, while Hanoi was placed eighth.
The 2018 edition of the index covers 131 major established
and emerging markets, and focuses for the first time on two separate elements
of city dynamism: short-term market momentum and 'future-proofing' for
longer-term success. The short-term component suggests a three-year forecast
and the long-term looks at cities with a 10-year vision.
While the United States
leads the long-term list, with San Francisco,
Silicon Valley and New York taking the top
positions, Asia dominates the short-term
development ranking, which identifies the urban economies which are currently
undergoing the most rapid growth.
India has four of the top
five markets as its cities register among the highest rates of demographic and
economic growth, while also benefiting from government efforts to boost
business attractiveness and invest in infrastructure.
Chinese cities account for 11 of the top 30 in short-term
development, which also includes Asian ‘megahubs’ Manila (18th), Jakarta
(23rd), Kuala Lumpur (24th) and Bangkok (28th), the regional gateways with the
scale to compete for talent, visitors and innovation.
The index found Singapore
and Seattle in
the “sweet spot” as they make the top 30 in both the long-term and short-term
development lists.
Popular Posts
-
Religion is a part of the spiritual life in society, this phenomenon of the superstructure has been strongly changed with economic - social... -
Vietnam has just done well for the second cycle of Universal Periodical Review (UPR) in Geneva, Switzerland. So, what’s the UPR? an... -
Thai people in Shutdown Bangkok protests Not until this crisis, we have realized the ne... -
Representatives from foreign countries congratulate Viet Nam on its election to the Human Rights Council for the first time on November ... -
A street flowers vendor in Hanoi Another new spring has come to Vietnam, bring... -
If nothing changes, there will be a preferential credit program with hundreds of thousands billion of capital for agriculture and r... -
Recently, several anti-governmental individuals have established series of illegal groups and organizations in the name of civil soci... -
Radio Free Asia (RFA) is a private, nonprofit international broadcasting agency of the United States government that broadcasts and...
All comments [ 0 ]
Your comments