Asia Pacific: Ho Chi Minh City, Vietnam

Asia Pacific: Ho Chi Minh City, Vietnam

Population: 5.2 million
Ease of Doing Business Rank (Vietnam): 92
Rigidity of Employment Index (Vietnam): 24

Though Vietman is still a communist country, officials plan to turn Ho Chi Minh City into an IT hub by 2010. Big names like IBM and Oracle already have set up shop, taking advantage of lucrative tax breaks and government programs to upgrade the city's infrastructure.