World Bank Study Identifies Coordinated Investment as Key to Boosting Thu Duc's Economy by 65% by 2040
A World Bank Group study, supported by the Swiss Confederation through SECO, has analyzed Thu Duc, a major center in Ho Chi Minh City, Vietnam. The study reveals that Thu Duc's current productivity is only about one-third of the Ho Chi Minh City average, and its residential amenities are roughly two-thirds of metropolitan levels. Key factors preventing Thu Duc from reaching its economic potential include persistent flooding, connectivity gaps, land-development constraints, and weaker urban services. Under a business-as-usual scenario, Thu Duc is projected to have 1.02 million residents, 530,000 jobs, and a Gross Value Added (GVA) of approximately US$13.9 billion by 2040. The study emphasizes that treating flood exposure solely as a disaster management issue is insufficient, as it significantly discourages business investment, reduces neighborhood attractiveness, and limits urban development. A one-percentage-point increase in flood exposure is linked to a 2.6% lower manufacturing productivity and 1.1% lowe...