We are based in Ho Chi Minh City, also known as Saigon, the largest city in Vietnam and a significant hub for business and economic activity.
More than 10 million of the country’s 100 million people live in Ho Chi Minh City, and even though Hanoi is the capital, Ho Chi Minh City is known as the country’s financial center and a crucial economic driver in the region.
The city contributes more than 20% to the GDP of Vietnam, and its main sectors include finance, real estate, IT, and manufacturing. It boasts a young, dynamic, and well-educated workforce. Many are bilingual, speaking both Vietnamese and English.
There is especially a lot of talent in the IT sector, and many large international companies are investing in Vietnam. Well-known examples are Atlassian, an Australian software company with a large share of its development in Vietnam, and Intel, which makes computer chips here.
The city has favorable conditions for investment. The local government is very supportive, and there are various incentives for foreign investors. As in the rest of Vietnam, the business culture in Ho Chi Minh City emphasizes relationships. Taking the time to build a solid relationship with local partners can be very beneficial for business.
The city has been experiencing rapid infrastructural development, including new roads, bridges, and public transportation. This has significantly boosted connectivity within the city.
There are, of course, some challenges when doing business in Ho Chi Minh City and Vietnam. The legal system can be challenging to understand for outsiders, and laws affecting businesses can change relatively quickly. The bureaucratic process in Vietnam can also be complex and time-consuming. Many companies find it helpful to partner with local firms or consultants. That is where we at Expat.vn support you in navigating through this complexity with our mix of international and local knowledge.
As a bonus, we know exactly where you should go after a busy day to enjoy the fact that Ho Chi Minh City is one of the best food cities in the world. Contact us using the form on the site, and we will get back to you within one working day!
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