Part 1/11:
The Growing Threat of Flooding in Ho Chi Minh City
Flooding has become an almost unavoidable aspect of life in Vietnam’s largest metropolis, Ho Chi Minh City. A report by McKinsey highlights the significant economic toll that recurrent floods exact on the city’s economy, with regular flooding costs estimated at about 2 percent of its GDP annually. Without intervention, this figure could rise to approximately 3 percent by 2050. The financial damage isn’t limited to immediate infrastructure repairs; it extends to long-term impacts on real estate and national development.