Welcome To Ho Chi Minh City

December 12, 2018

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

Within the last decade, Vietnam continues to be improving its legal infrastructure, banking systems and overall social and economic environment. On January 11, 2007, the country became the 150th member of the World Trade Organization. Today, the area business community is really as excited about the nation’s growth and future potential as foreign investors are. Actually, foreign direct investment in Vietnam is anticipated to arrive at US $15 billion in 2008, that is more than double from your same period in 2007.

Ho Chi Minh City may be the financial hub of Vietnam with more than 300,000 businesses in industries like technology, electronics and construction. It is a fast-paced city that is certainly rapidly expanding in regards to its industry as well as population. The city’s vibrant culture and historical ambiance–combined by having an optimistic workforce (several of which have no direct memories in the war with America that resulted in 1975) -have catapulted the town into among the fastest growing economies in Asia.

The metropolitan area, featuring its the location center and surrounding towns, houses more than 9 million people, which makes it the biggest metropolitan area in Vietnam and Indochina. Walking over the streets of Ho Chi Minh, one turns into a feeling of the present day when combined traditional Asian ambiance.

The local language is Vietnamese but English is spoken just about everywhere. All foreign restaurants have English-speaking staff and most taxi drivers speak a bit English. The trail and store signs have been in Vietnamese. Learning a minimum of just a little Vietnamese could make life easier and efforts to do this will probably be appreciated by the locals.

All foreign guests are forced to obtain a Visa. A foreigner who comes to live and are employed in Vietnam usually obtains a visa through his / her sponsoring organization. To get a three- or six-month work visa, a passport plus an invitation or assignment letter will have to be produced. The passport with a relevant visa is the most important document to get a foreigner in Vietnam. Is always that all visitors register using their local Consulate or Embassy upon arrival in Ho Chi Minh City.

The area currency is Vietnam dong (VND). The dong is available in notes and coins, between 200 to 500,000 VND. You need to take Cash into Vietnam and exchange it upon arrival. Greenbacks may be used and changed although dong is regarded as the commonly-used type of payment for everyday purchases like groceries. Larger establishments accept cards nevertheless they will levy a 3-5% 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. There are automatic teller machines (ATMs) available 24 / 7 all over Ho Chi Minh City.

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