Society

The conference also seeks to promote socio-economic cooperation between Hanoi and other localities, driving growth across the Capital Region, the Red River Delta, and the Northern Key Economic Zone.

Despite a modest share of 1.3%, the travel and tourism industry reached an estimated VND40.6 trillion ($1.54 billion), posting a strong growth rate of 12.2%.

The rise mainly driven by increases in electricity and water prices amid higher demand during hot weather, as well as higher prices of construction materials, housing rents and petrol.

The study covering intra-city and inter-city services, as well as a dedicated route linking Long Thanh International Airport in Dong Nai city with Tan Son Nhat International Airport in Ho Chi Minh City.

There is a supply-demand mismatch. The market faces an oversupply in the high-end segment but a severe shortage of housing priced appropriately for the average citizen's income.

The draft master plan proposes that the southern city operate as a multi-centric megacity based on a "5-5-10" structure: 5 dynamic growth poles, 5 strategic axes, and 10 development management zones.