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In a research carried by Oxford Economics, Ho Chi Minh City is expected to become the second fastest growing economy in Asia by 2021.
According to the study, in the next five years, Ho Chi Minh City's economy is expected to grow at 8% per year, reaching the top 30 largest cities in Asia.
According to Bloomberg, Ho Chi Minh City's ratings show that the city has succeeded in establishing itself as a manufacturing hub, as well as building a strong service industry. In January, Chicago's Financial Services Professional JLL ranked Ho Chi Minh City as the second most dynamic city in the world, after Bangalore, India.