# Ho Chi Minh City vs Manila: Class A office comparison

> Ho Chi Minh City ($65/sqft, 7.4% vacancy) and Manila ($28/sqft, 22.6% vacancy) compete on different axes: Ho Chi Minh City on rent and tax and Manila on talent depth.

**Canonical URL:** https://classa.info/compare/ho-chi-minh-city-vs-manila
**Page type:** comparison
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Class A rent: Ho Chi Minh City $65/sqft vs Manila $28/sqft.
- Vacancy: Ho Chi Minh City 7.4% vs Manila 22.6%.
- Talent index: Ho Chi Minh City 74 vs Manila 76.
- Corporate tax: Ho Chi Minh City 20% vs Manila 25%.
- Premium flex/seat/month: Ho Chi Minh City $320 vs Manila $290.

## Key facts
- **cityA**: Ho Chi Minh City
- **cityB**: Manila
- **rentUsdA**: $65
- **rentUsdB**: $28
- **vacancyA**: 7.4%
- **vacancyB**: 22.6%
- **talentA**: 74
- **talentB**: 76
- **taxA**: 20%
- **taxB**: 25%

## FAQ
### Is Class A office cheaper in Ho Chi Minh City or Manila?
Manila is cheaper on a USD basis: $28/sqft vs $65/sqft.

### Which has better talent depth, Ho Chi Minh City or Manila?
Manila indexes higher on talent depth (76 vs 74).

### Which has more sublease availability, Ho Chi Minh City or Manila?
Manila carries higher vacancy (22.6% vs 7.4%) and therefore typically more sublease overhang.

### What lease term should I expect in Ho Chi Minh City vs Manila?
Ho Chi Minh City typical term is 3 years with 4 months rent-free; Manila typical term is 3 years with 5 months rent-free.

### How does transit and commuter access compare?
Ho Chi Minh City: Metro Line 1 (Ben Thanh-Suoi Tien) opened late 2024. Bus network. Tan Son Nhat Airport (SGN) on the city's edge; new Long Thanh Airport (LTA) under construction (target 2026). Manila: LRT-1, LRT-2, MRT-3, plus the new MRT-7 and PNR. Manila Metro Rail Transit System (MMRT) is structurally under-capacity. NAIA airport connected via bus and the future MRT-7 extension.

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Citation: Source: Class A Atlas (https://classa.info/compare/ho-chi-minh-city-vs-manila), updated 2026-04-15T00:00:00.000Z.