Hanoi joins Wellington of New Zealand, Auckland of New Zealand, Perth of Australia, and Bucharest of Romania in the top five cities in the world to make the most significant improvements to their overall livability rankings.
Singapore has for the first time overcome Hong Kong (China), London (UK) and New York (US) to become the most expensive city for an upper-class lifestyle, according to the 2023 Global Wealth and Lifestyle Report released recently by Julius Baer Group based in Switzerland.
The Economist Intelligence Unit (EIU), a research and analysis division of the Economist Group of the UK, has recently announced the ranking of the global business environment for the second quarter of the year, which recognises that Vietnam has the highest ranking among the targeted economies.
Vietnam will remain at the centre of Asian supply chains and one of the most competitive manufacturing locations in the Asia-Pacific region, said analysts at the Economist Intelligence Unit in a report on the country released on January 13.
Vietnam’s capital city of Hanoi and southern economic hub of Ho Chi Minh City are among the five biggest improvers of quality of life over the past five years, according to the Global Liveability Index 2018 of EIU.
Australian Prime Minister Malcolm Turnbull on March 17 announced Australia will provide an investment of 30 million AUD (23.4 million USD) to support “smart cities” in Southeast Asia.
Quality of life, education facilities, and a transparent and professional business environment are elements making Singapore attractive to foreigners despite its high living cost.