This ranking shows Vietnam has leaped four notches in just a short span of time, as this very company in its Office Space Across the World 2008 report early this month said Vietnam was the 17th most expensive office location. The earlier ranking was unveiled when the company launched its 31st Asia Pacific office in HCMC early this month.
The new ranking was announced Saturday on the occasion Cushman & Wakefield's board chairman John Cushman III visited HCMC.
The new research is shocking to enterprises, especially foreign investors because "such exorbitant office rent in Vietnam is not right with the economic conditions of a developing country like Vietnam," according to the company.
