Helping Vietnam Companies Expand to Asia
If Hanoi is the political center of Vietnam, Ho Chi Minh City, formerly known as Saigon, is then the heart of all economic activities in Vietnam. For people coming to the city for the first time, the hustle and bustle of the city life, the non-stop traffic, the abundance of offices, banks, stores and shopping centers, and the mingling of people coming from everywhere can easily make them feel young and excited that the same time. In the past recent years, Ho Chi Minh City’s economy has developed rapidly, outpacing other major cities in Vietnam and attracting foreign investors’ attention.
Ho Chi Minh City lies in the heart of the Southeast Asia Region, the place with the fastest growth in the world and a market of more than 600 million people. From Ho Chi Minh City, it is also a short distance to other promising nearby markets such as other ASEAN countries, China and India. For example, Ho Chi Minh City is 1,700 km south of Hanoi, 297 km east of Phnom Penh, Cambodia, 881 km east of Bangkok, Thailand. Within the radius of 3,500 km from Ho Chi Minh City is a market of almost 3 billion people with an abundant of labors, natural resources and knowhow. For businesses, location is obviously the king because a convenient and strategic location helps them to save a lot of money and time for transportation.
The dynamism of Ho Chi Minh City’s economy can be traced back to centuries ago when the booming trading activities along the Mekong Delta made the city thrive. Saigon’s residents were open-minded, embracing relationships with foreigners and welcoming trade. When the French occupied the city, they increased agricultural production in the Mekong Delta and built advanced infrastructure in Saigon to use it as a transportation hub to trade with France, further reinforcing the role of Saigon as a major seaport and commercial hub in the Indochina Peninsula. Moreover, after the American left Saigon, they still left an enormous influence on the business culture in the city. Doing business in Ho Chi Minh City is more straightforward and less bureaucratic, and people have to deal with less restrictions and regulations than in other Northern cities.
Ho Chi Minh City
No. 29 Road D6, Saigon Pearl, 92 Nguyen Huu Canh Street, Ward 22, Binh Thanh District, Ho Chi Minh City, Vietnam
Phone: +84 918 866 858