HO CHI MINH CITY - Ho Chi Minh City, Vietnam's biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute.
The analysis is based on hydrological simulations, land-use maps, infrastructure databases and damage curves. While the metropolis can cope with flood risks today that could hit 23 per cent of its area, further urbanisation is raising the potential for land subsidence and an increase in sea levels. Those could cause about US$8.4 billion of real-estate damage from flooding by 2050, six times the current estimated impact, McKinsey said.
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