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Ho Chi Minh City is the largest city in Vietnam. The city center can be found about the banks of the Saigon River, 37 miles (60 kilometers) through the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the capital of Vietnam.

In the last decade, Vietnam continues to be improving its legal infrastructure, banking systems and overall social and economic environment. On January 11, 2007, the united states took over as 150th person in the World Trade Organization. Today, a nearby world of business will be as serious about the country’s growth and future potential as foreign investors are. In reality, foreign direct investment in Vietnam is anticipated to achieve US $15 billion in 2008, which is more than double from your same period in 2007.

Ho Chi Minh City may be the financial hub of Vietnam with well over 300,000 businesses in industries like technology, electronics and construction. It is just a fast-paced city that is expanding as well in the relation to its industry as well as population. The city’s vibrant culture and historical ambiance–combined with the optimistic workforce (most of which have zero direct memories from the war with America that led to 1975) -have catapulted the city into one of the fastest growing economies in Asia.

The metropolitan area, having a the location center and surrounding towns, houses over 9 million people, which makes it the greatest metropolitan area in Vietnam and Indochina. Walking through the streets of Ho Chi Minh, one turns into a feeling of the present day mixed with traditional Asian ambiance.

The area language is Vietnamese but English is spoken almost everywhere. All foreign restaurants have English-speaking staff and most taxi drivers speak just a little English. The path and store signs have been in Vietnamese. Learning a minimum of somewhat Vietnamese could make life easier and efforts for this will likely be appreciated with the locals.

All foreign readers are forced to get yourself a Visa. A foreigner who comes to live and operate in Vietnam usually obtains a visa through her or his sponsoring organization. For the three- or six-month work visa, a passport with an invitation or assignment letter will have to be produced. The passport which has a relevant visa is a vital document for the foreigner in Vietnam. It is recommended that all visitors register making use of their local Consulate or Embassy upon arrival in Ho Chi Minh City.

A nearby currency is Vietnam dong (VND). The dong comes in notes and coins, including 200 to 500,000 VND. You should take Cash into Vietnam and exchange it upon arrival. Cash works extremely well and adjusted although dong is the most commonly-used form of payment for everyday purchases like groceries. Larger establishments accept bank cards nonetheless they will levy a 3-5% service charge. Smaller local markets only accept cash.

There are several foreign banks in Ho Chi Minh City and accounts are easy to open. Most banks are open Monday through Friday from 8am to 3pm. You can find automatic teller machines (ATMs) available 24 / 7 all over Ho Chi Minh City.

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