Sustainable development in Ho Chi Minh City: Current status and policy implication
- University of Economics Ho Chi Minh City
- University of Economics and Law, VNUHCM, Viet Nam
- Ho Chi Minh National Academy of Politics and Public Administration
Abstract
HCMC has confirmed its role as an economic locomotive and effective development model for Vietnam and the Southern Key Economic Zone as well. In integrating actively into the world economy, HCMC’s biggest challenge in the coming decade is to secure a sustainable development. Examining sustainability of its economic development is also a challenge to researchers and policy-makers in Vietnam. Based on theories of development economics and data about HCMC economic development in 2011-2015, this research uses statistical description of data to estimate the development process in HCMC. We find that HCMC is yet not to secure a sustainable development but on the road to achieve this goal.