HO CHI MINH CITY — Ho Chi Minh City, formerly known as Saigon, is home to 13 million people. Each of those 13 million people jostles for space in the economic hub of communist Vietnam, one of the fastest growing economies in the world.
Within a decade, Vietnam witnessed a rapid economic transformation, yet at the same time, the country’s inequality is increasingly widened.
Roughly 210 super-rich individuals in Vietnam had a combined wealth of around $20.72 billion in 2014 — an equivalent to 12 percent of the country’s gross domestic product, or half of Ho Chi Minh City’s GDP.
The gap between the rich and the poor is best illustrated in the urban landscape of Ho Chi Minh City.
Clusters of informal settlements made up of houses as small as 3 square metres (m2) — smaller than the size of a double bed — lean into the shadows of freshly-built skyscrapers and high-end complexes.
Saigon, March 2018
Living in the shadow of Ho Chi Minh City’s high-rises, photo essay featured on TRT World Magazine.