Ho Chi Minh City and Hanoi are ranked second and eighth place respectively in the global top 10 in JLL’s City Momentum Index (CMI).

The annual index covers 134 major business hubs across the globe, tracking the speed of change of a city’s economy and commercial real estate market, and identifying cities with the most dynamic conditions.

According to the index, the world’s most dynamic cities share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity.

The success of Ho Chi Minh City and Hanoi, is underpinned by favourable demographics, low costs and rapid consumer market expansion and economies transitioning towards higher-value activities have driven significant levels of foreign direct investment (FDI) and the construction of office, retail and hotel stock to meet growing demand.

Ministry of Planning and Investment forecast that FDI inflow to Vietnam is expected to increase in 2017.  Agriculture, real estate and hi-tech fields are the sectors targeted to attract the most FDI projects.

Sources

http://www.retalkasia.com/news/2017/01/20/ho-chi-minh-city-overtakes-silicon-valley-global-ranking-city-momentum/1484878717
http://hanoitimes.com.vn/investment/2017/01/81E0AE27/vietnam-to-attract-more-and-more-fdi/