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Saigon Beating Hanoi Four Decades After Vietnam War

Almost four decades after the Vietnam War ended, Saigon has turned the tables on Hanoi, outstripping its conqueror in investment and growth.

The former southern capital, renamed Ho Chi Minh City but still widely known by its prewar name, contributes almost a quarter of the country’s gross domestic product and the market capitalization of its stock index is seven times Hanoi’s. Now, Saigon is upping the ante with plans to build a new airport that would increase capacity as much as fivefold.