2007 Fast Cities

HO CHI MINH CITY, Vietnam

Population > 5.1 million

Leading indicator > More than 98% of children complete secondary education

Fast companies > Jabil Circuit; YTL Holdings

Ho Chi Minh City, née Saigon, aspires to be the high-tech center of Southeast Asia, and GDP growth is projected at 6.5% a year through 2020. Already, its gracious colonial city center has given way to congestion and concrete skyscrapers. Now it's building a whole new city on reclaimed swampland to the south, with broad avenues, gleaming housing developments, and dedicated tech-industry clusters.

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