Ho Chi Minh City is the largest city in Vietnam. The location center is situated around the banks in the Saigon River, 37 miles (60 kilometers) in the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the capital of Vietnam.
In the last decade, Vietnam has been improving its legal infrastructure, banking systems and overall social and economic environment. On January 11, 2007, the united states became the 150th part of the World Trade Organization. Today, the local corporate environment is as excited about the nation's growth and future potential as foreign investors are. In fact, foreign direct acquisition of Vietnam is expected to arrive at US $15 billion in 2008, that's over double in the same period in 2007.
Ho Chi Minh City is the financial hub of Vietnam with over 300,000 businesses in industries for example technology, electronics and construction. This is a fast-paced city that's growing in the terms of its industry and its population. The city's vibrant culture and historical ambiance--combined having an optimistic workforce (most of which haven't any direct memories in the war with America that led to 1975) -have catapulted town into among the fastest growing economies in Asia.
The metropolitan area, because of its town center and surrounding towns, is home to more than 9 million people, making it the greatest metropolitan area in Vietnam and Indochina. Walking with the streets of Ho Chi Minh, one gets to be a feeling of the modern blended with traditional Asian ambiance.
The neighborhood language is Vietnamese but English is spoken just about everywhere. All foreign restaurants have English-speaking staff and a lot taxi drivers speak a bit English. The trail and store signs are in Vietnamese. Learning no less than just a little Vietnamese could make life easier and efforts to take action will probably be appreciated from the locals.
All foreign guests are needed to get yourself a Visa. A foreigner who concerns live and are employed in Vietnam usually obtains a visa through her or his sponsoring organization. For a three- or six-month work visa, a passport with an invitation or assignment letter should be produced. The passport with a relevant visa is the most important document for a foreigner in Vietnam. Our recommendation is that all visitors register with 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, between 200 to 500,000 VND. You should take Cash into Vietnam and exchange it upon arrival. $ $ $ $ can be used and adjusted although dong is easily the most commonly-used form of payment for everyday purchases for example groceries. Larger establishments accept cards nevertheless they will levy a 3-5% fee. Smaller local markets only accept cash.
There are numerous foreign banks in Ho Chi Minh City and accounts are simple to open. Most banks are open Monday through Friday from 8am to 3pm. You will find automatic teller machines (ATMs) available 24 hours a day around Ho Chi Minh City.
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