Welcome to Ho Chi Minh City
Ho Chi Minh City may be the largest city in Vietnam. Town center is situated about the banks from the Saigon River, 37 miles (60 kilometers) in the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the main city of Vietnam.
Within the last decade, Vietnam continues to be improving its legal infrastructure, banking systems and overall economic and social environment. On January 11, 2007, the country took over as 150th an affiliate the World Trade Organization. Today, the area business community is as thinking about the nation's growth and future potential as foreign investors are. In fact, foreign direct investment in Vietnam is required to achieve US $15 billion in 2008, that's more than double from the same period in 2007.
Ho Chi Minh City will be the financial hub of Vietnam with 300,000 businesses in industries like technology, electronics and construction. It's a fast-paced city that's expanding as well in both relation to its industry and its population. The city's vibrant culture and historical ambiance—combined by having an optimistic workforce (a few of which don't have any direct memories of the war with America that ended in 1975) -have catapulted town into one of the fastest growing economies in Asia.
The metropolitan area, featuring its town center and surrounding towns, has a lot 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 gets a a sense the present day when combined 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 a bit English. The street and store signs have been in Vietnamese. Learning at least a little Vietnamese will make life easier and efforts for this will probably be appreciated with the locals.
All foreign visitors forced to get a Visa. A foreigner who relates to live and operate in Vietnam usually obtains a visa through his / her sponsoring organization. For the three- or six-month work visa, a passport as well as an invitation or assignment letter will need to be produced. The passport using a relevant visa is an essential document for any foreigner in Vietnam. It is suggested that all visitors register with 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, starting from 200 to 500,000 VND. It is advisable to take $ $ $ $ into Vietnam and exchange it upon arrival. $ $ $ $ can be used and altered although dong is easily the most commonly-used kind of payment for everyday purchases such as groceries. Larger establishments accept bank cards but they will levy a 3-5% service charge. Smaller local markets only accept cash.
There are lots of foreign banks in Ho Chi Minh City and accounts are really easy to open. Most banks are open Monday through Friday from 8am to 3pm. You'll find automatic teller machines (ATMs) available night and day all over Ho Chi Minh City.
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