PROVINCESaigon

Ho Chi Minh City is a key economic hub located in the heart of the Southern region of Vietnam. With a strategic position and an abundant workforce, Ho Chi Minh City, formerly Saigon, is one of the two only ASEAN cities to make it to the top 10 most dynamic cities globally.

The city is praised for its diversified demographic background and export-driven economy, making the city an attractive destination for FDI.

A magnet for foreign direct investment attraction

The city is praised for its diversified demographic background and export-driven economy, making the city an attractive destination for FDI.

2.061 km²

Area

9.077 million

Population

Top 14

Competitiveness Index

Why Saigon

Strategic Location

Ho Chi Minh City is one of four provinces in the Southern key economic region;
The city shares borders with Binh Duong province in the north, Tay Ninh province in the Northwest, Dong Nai province in the east and the Northeast, Ba Ria – Vung Tau in the Southeast, and Long An and Tien Giang province in the Southwest.

Temperate Climate

On average, Ho Chi Minh City has 160 – 270 sunshine hours per month. The average temperature is 27°C with the highest number of 40°C and the lowest one of 13.8°C;
The annual average rainfall is 1,949 mm. Each year, the city has 159 rainy days concentrated on May to November, especially in June and September;
Saigon is influenced by two main directions of wind, which are the west – southwest monsoon winds and the north – northeast monsoon winds. The city is also less affected by storms.

Industrial Development

19 industrial zones operating in Ho Chi Minh City with a total area of 4,546 hectares.
As of September 2022, export processing zones and industrial parks in Ho Chi Minh City have attracted 1,674 valid projects with a total registered investment capital of 12.33 billion USD, of which Foreign investment accounted for 45%.

Transportation

Ho Chi Minh City has a diversified and modern infrastructure system with many large inter-regional trunk roads, two main highways connecting the western and southeastern provinces, and many key national highways (such as National Highway 1, National Highway 13, National Highway 22). The Trans-Asia route AH1 passes through the city’s territory, and the North-South Railway starts and ends at Saigon Station.
Main ports including Saigon Port, Ben Nghe Port, Nha Be Oil Port and Tan Cang, Tan Thuan Port, Container Port in export processing zones…
04 train stations and the largest of which is Saigon Central Station.
Aviation plays an important role in the development of the city’s tourism system, where Tan Son Nhat airport is the largest airport in the southern provinces and one of the two major airports of the country.

Economic Development

The budget revenue Ho Chi Minh City is estimated to reach nearly VND 393,000 billion by 2022;
The economic growth rate is 9.97%;
The industrial production index increased by 22.5% over the same period in 2021.

Pro-business government