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City Review

Ho Chi Minh City Review

| Pages: 23

Price: US$725

About this Report

Over the last few decades (since 1993), Ho Chi Minh City has undergone years of impressive population and economic growth. Due to such intensive development, the city's area is gradually expanding beyond its current borders, and provinces surrounding Ho Chi Minh City are experiencing the strongest immigration rates in the country. As of 2013, the city's economy was continuing its growth, yet the bubble of demand for real estate threatens further economic development.

Ho Chi Minh City Highlights

Labour productivity (GVA per employee) in Ho Chi Minh City was almost three times higher than in the rest of the country in 2013, the gap widening since 2008. The striking difference is mainly due to superior skills and better education of the city's labour force.

Income does not keep up with population growth

Due to the enormous gap in labour productivity, annual disposable income in Ho Chi Minh City is 86% higher than in the rest of Vietnam. However, income does not keep up with population growth (15% over 2008-2013): average household incomes in the city shrank by a near 1% CAGR over the same period.

Higher affluence

Consumer expenditure (excluding transportation and housing) is 57% higher in Ho Chi Minh City than elsewhere in Vietnam. Being more affluent, the city's households spent a much lower share of their budgets on food and non-alcoholic beverages (30%) than their counterparts in the rest of the country (37%).

Superior disposable income

An average household in Ho Chi Minh City spent 69% more on housing and transport than in the rest of the country in 2013, mainly due to superior disposable income. Both transport and housing are quite affordable in Ho Chi Minh, but might not be sustained, as both infrastructure and housing development does not keep pace with population explosion.

Table of Contents

Ho Chi Minh City Review At A Glance

Understanding Ho Chi Minh City Review Structure

  • Chart 1 Overview

Key Facts On Ho Chi Minh City

  • Summary 1 Key Facts On Ho Chi Minh city 2008, 2013, 2018

Ho Chi Minh City Highlights

History

Delimitation Of The Metropolitan Region

  • Chart 2 Map Of Ho Chi Minh City Metropolitan Area

Main Business Districts

Economy Of The City

Industrial Make-up

  • Chart 3 Industrial Composition Of Ho Chi Minh City 2013
  • Chart 4 Labour Productivity: Selected Cities 2013

Manufacturing

  • Summary 2 Ho Chi Minh city Manufacturing 2013

Commerce

  • Summary 3 Ho Chi Minh city Commerce 2013

Business Services

  • Summary 4 Ho Chi Minh city Business Services 2013

Recent Developments And Outlook

  • Summary 5 Labour Market Changes In Ho Chi Minh city 2008-2013
  • Chart 5 Dynamics Of Real GDP In Ho Chi Minh city, Vietnam And Other Cities In in Asia, 2008-2018

Consumer Profile

City Demographics

  • Chart 6 Population By Age 2013
  • Chart 7 Drivers Of Population Growth In Ho Chi Minh City 2008-2013

Household Income

  • Chart 8 Household Distribution By Income In Ho Chi Minh City 2013 And 2018

Consumer Expenditure

Structure Of Household Budget

  • Summary 6 Ho Chi Minh city Household Budget Structure By Consumer Expenditure Item, % of total
  • Chart 9 Comparison Of Household Expenditure In Ho Chi Minh City And Vietnam, 2013

City Lifestyle

Tourism On The Rise, Yet Behind Bangkok

Motorcycles Everywhere

Ho Chi Minh City Is Vietnam's Key E-Commerce Market

City Affordability

Housing

  • Chart 10 Household Expenditure On Housing: Selected Cities 2013

Transport

  • Chart 11 Household Expenditure On Transport: Selected Cities 2013

Definitions

Appendix

  • Summary 7 GDP Development, 2008, 2013, 2018
  • Summary 8 GDP By Origin, Current Prices, US$, Million, 2008-2013
  • Summary 9 Population And Labour Force, 2008-2013
  • Summary 10 Employed Population By Economic Sector, % of total, 2008-2013
  • Summary 11 Population By Sex And Broad Age Groups, ‘000, 2008-2013
  • Summary 12 Population Growth, 2008-2013
  • Summary 13 Total Population, 2013-2017, 2030
  • Summary 14 Population By Educational Attainment, 2008-2013
  • Summary 15 Structure Of Consumer Expenditure By Main Category, 2008-2013
  • Summary 16 Consumer Expenditure By Main Category, Per Household, Constant (2013) Prices, US$, 2008, 2013, 2018
  • Summary 17 Households By Income Band, % Of Total, Constant (2013) Prices 2008, 2013, 2018
  • Summary 18 Households By Income Band, ‘000, Current Prices 2008-2013
  • Summary 19 Inflation, 2008-2013
  • Summary 20 Transport Indicators, 2008-2013
  • Summary 21 Tourism 2008-2013

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