Improving business edge vital for Ho Chi Minh City to reverse falling growth rate


The city's growth rate was slowing, as was the competitiveness of its enterprises since 2010. — Bloomberg

HO CHI MINH CITY: Despite leading the country in several key metrics, Ho Chi Minh City’s economic growth is slowing compared with the national average, and improving the competitiveness of its businesses is imperative to keeping it on the high growth path, say experts.

Dr Huynh The Du, a lecturer at Indiana University in the United States and a member of the Institute for Vietnam Initiatives, said the city is a prime location for business in Vietnam and has the highest number of businesses in the country.

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