Why Invest?
5 reasons why you should invest in Ho Chi Minh city
Strategy Location
Ho Chi Minh city is fortunately located right in the heart of the Southeast Asia, the region with the fastest growth in the world. From Ho Chi Minh city, it is quite easy to access to other promising markets with a vast number of human resources, natural resources and knowledge, such as the Southeast Asian regional market and the vast Chinese and Indian markets. The convenient and strategic location of Ho Chi Minh city will surely help you save a lot of time and money for transportation if you do business here.
An economic hub of Vietnam
For the past years, Ho Chi Minh City’s economy has developed rapidly. It contributes over 20% of the country’s GDP and is home to over 3000 foreign representative offices from 60 countries and territories. In the year 2016, Ho Chi Minh city’s economic growth rate stood at around 8% and outperformed most of the country. In the first 9 months of 2016, nearly 26,000 new companies with a total capital of over VND212 trillion ($9.5 billion) were launched, making up a third of all new entries nationwide. Its economic growth outpaces other major cities in Vietnam and therefore becomes the most attractive investment location for foreign investors.
Booming local market
The population of Ho Chi Minh city is estimated at over 8 million, accounting for over 10% of the total Vietnamese population. The population growth rate in Ho Chi Minh City is also among the highest in the country. Over 50% of the population is under 35, who are highly trendy and much influenced by the Western culture. They are generally a big fan of well-known international brand products with highest quality and most affordable prices. For many of them, going shopping is not just about accommodating their basic needs but also having pleasure and showing off their personal style. These factors will create a favorable condition for new investors to seize this promising market and make a lucrative investment in Ho Chi Minh City.
A unique start-up culture with talented young people
Ho Chi Minh city is the center of most of Vietnam’s current start-up activities, a land for innovation and opportunities. It is widely acknowledged that Ho Chi Minh city has a unique start-up culture, great value, a good climate and a solid entrepreneur community. As the economic hub of Vietnam, Ho Chi Minh city also has a high concentration of young aspirational talents, who are ambitious, well-educated, open-minded, comfortable with trying new ideas and sharing experiences. Start-up communities in Ho Chi Minh city often organize weekly and monthly events, where they meet up and share their innovative ideas. This vibrant environment nurtures innovation and helps potential investors in Ho Chi Minh city take advantage of its highly-qualified personnel as well as having quick access to capitals and technologies.
In an effort to build a start-up hub, Ho Chi Minh city authorities have kicked off the establishment of Saigon Silicon City inside District 9’s Saigon High-Tech Park to attract more companies and investors. This new project alone aims to attract US$1.5 billion in investments. The project will be carried out in two phases and is expected to nearly completion in 2020. Once completed, Saigon Silicon City will become a smart urban area with the infrastructure and amenities to attract both local and international hi-tech enterprises, said Nguyen Minh Hieu, the chairman of Saigon Silicon City JSC.
In an effort to build a start-up hub, Ho Chi Minh city authorities have kicked off the establishment of Saigon Silicon City inside District 9’s Saigon High-Tech Park to attract more companies and investors. This new project alone aims to attract US$1.5 billion in investments. The project will be carried out in two phases and is expected to nearly completion in 2020. Once completed, Saigon Silicon City will become a smart urban area with the infrastructure and amenities to attract both local and international hi-tech enterprises, said Nguyen Minh Hieu, the chairman of Saigon Silicon City JSC.
Rapidly Developing Infrastructure
Ho Chi Minh city proudly possesses the most modern and comprehensive infrastructure system in Vietnam.
With regards to the transportation system, Tan Son Nhat international airport is absolutely the highlight of Vietnam’s air transport. It is the largest and busiest airport in the country, with the capacity of accommodating 20 million people per year and connecting to 50 countries and territories in the world. Concerning sea transport, the Saigon River port is the largest in the country, which plays an important role in the sea transportation system of Vietnam and the Southern Region. The port, which meets international standard, is also the 26th busiest container port in the world and handles about 8.3 million tons of cargo annually.
In addition to the most state-of-the-art transportation system in the country, Ho Chi Minh city also boasts a well-developed telecommunication infrastructure. The post and telecommunication system in Ho Chi Minh provides fast, reliable and high quality services such as ADSL, rapid data transfer, wide broadband MAN. The Internet service in Ho Chi Minh city is also among the cheapest in the world.
With regards to the transportation system, Tan Son Nhat international airport is absolutely the highlight of Vietnam’s air transport. It is the largest and busiest airport in the country, with the capacity of accommodating 20 million people per year and connecting to 50 countries and territories in the world. Concerning sea transport, the Saigon River port is the largest in the country, which plays an important role in the sea transportation system of Vietnam and the Southern Region. The port, which meets international standard, is also the 26th busiest container port in the world and handles about 8.3 million tons of cargo annually.
In addition to the most state-of-the-art transportation system in the country, Ho Chi Minh city also boasts a well-developed telecommunication infrastructure. The post and telecommunication system in Ho Chi Minh provides fast, reliable and high quality services such as ADSL, rapid data transfer, wide broadband MAN. The Internet service in Ho Chi Minh city is also among the cheapest in the world.