In March 2008 individuals's Committee of Ho Chi Minh City, previously referred to as Saigon, authorized a revised master strategy created to direct the advancement of the city through the year 2025. Vietnam's economy had actually been growing at rates of 6 to 8 percent annually for almost twenty years, and much of that development lay in its cities, and in Ho Chi Minh City in certain. Realty costs were at perpetuity highs, advancement pressures threatened the historical French colonial core of the city along with the wetlands to the west and southeast, and traffic jam was proliferating as the city was signing up 1300 brand-new motorbikes and 150 brand-new automobiles each day.
The brand-new master strategy designated locations where development would be urged and consisted of a list of transport and other facilities tasks and policies developed to support the preferred advancements. This case is developed to support a conversation of the issues of handling development in a quickly establishing city.
PUBLICATION DATE: March 02, 2010 PRODUCT #: HKS115-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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