Vietnam is a Southeast Asian country, that has been going through an economic boom in the last few years. After years of colonialism, destructive wars, and communism, Vietnam is finally open to the world and it’s getting richer. There is a thriving tourism industry, which combined with a growing manufacturing sector has lead to large increases in the affluence of the Vietnamese people. If you want to know where the salaries are the highest and the people are the richest, keep on reading:
Hanoi is the capital of Vietnam, located in the north of the country. Just like the rest of the country, there is a lot of history to unpack here, which is visible from the architecture, which combines traditional Asian architecture and French colonial architecture. This, combined with the great food, good prices and opening of the economy has lead to a huge increase in GDP. Hanoi is one of the fastest-growing cities, in terms of economics and that is clear from the high rises that are popping up at a staggering pace. A large part of this boom is due to the manufacturing industry that is moving to Hanoi.
Da Nang is located in the center of Vietnam and is the third-largest city in the country, in terms of population. Just like the other parts of Vietnam, there is a good industry here and a budding outsourcing market. On top of that, Da Nang still manages to maintain a strong agricultural sector which provides a lot of rice, seafood, and coffee. This, in combination with the foreign capital coming in from tourism, has lead to a fast increase of wealth in Da Nang, though it still isn’t the richest city in the country.
Ho Chi Minh City
Ho Chi Minh City, or Saigon, is the largest city in Vietnam. The old capital of South Vietnam is one of the most important economic centers in the country and the region. The airport here is the busiest in Vietnam and Ho Chi Minh City is often the first city foreigners see when they arrive in the country. Again, the economy benefits from manufacturing, but also from mining and seafood processing. On top of that, there is a growing software and IT sector, that is bound to be very profitable for the city. The port of Saigon is also very well placed and important to Vietnam’s trade.