Welcome to Ho Chi Minh City
Ho Chi Minh City may be the largest city in Vietnam. The city center can be found about the banks from the Saigon River, 37 miles (60 kilometers) through the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the funding of Vietnam.
Within the last decade, Vietnam may be improving its legal infrastructure, banking systems and overall economic and social environment. On January 11, 2007, the united states took over as the 150th an affiliate the globe Trade Organization. Today, the neighborhood business community is really as serious about the country's growth and future potential as foreign investors are. Actually, foreign direct acquisition of Vietnam is expected to reach US $15 billion in 2008, that is more than double from the same period in 2007.
Ho Chi Minh City may be the financial hub of Vietnam with over 300,000 businesses in industries such as technology, electronics and construction. This is a fast-paced city that's rapidly expanding in both relation to its industry as well as population. The city's vibrant culture and historical ambiance--combined with the optimistic workforce (a few of which have no direct memories in the war with America that led to 1975) -have catapulted the city into one of many fastest growing economies in Asia.
The metropolitan area, because of its town center and surrounding towns, houses over 9 million people, which makes it the most important metropolitan area in Vietnam and Indochina. Walking over the streets of Ho Chi Minh, one gets to be a a sense the present day mixed with traditional Asian ambiance.
The neighborhood language is Vietnamese but English is spoken almost everywhere. All foreign restaurants have English-speaking staff and quite a few taxi drivers speak somewhat English. The trail and store signs have been in Vietnamese. Learning no less than a bit Vietnamese is likely to make life easier and efforts to do so will be appreciated with the locals.
All foreign visitors are necessary to have a Visa. A foreigner who involves live and be employed in Vietnam usually obtains a visa through his or her sponsoring organization. For the three- or six-month work visa, a passport with an invitation or assignment letter will need to be produced. The passport which has a relevant visa is the central document for any foreigner in Vietnam. Is always that all visitors register using their local Consulate or Embassy upon arrival in Ho Chi Minh City.
The local currency is Vietnam dong (VND). The dong also comes in notes and coins, including 200 to 500,000 VND. It is advisable to take Cash into Vietnam and exchange it upon arrival. $ $ $ $ can be used and altered although dong is the most commonly-used way of payment for everyday purchases like groceries. Larger establishments accept charge cards nevertheless they will levy a 3-5% fee. Smaller local markets only accept cash.
There are several foreign banks in Ho Chi Minh City and accounts are simple to open. Most banks are open Monday through Friday from 8am to 3pm. There are automatic teller machines (ATMs) available night and day around Ho Chi Minh City.
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