Cameron Handberg posted an update 9 months, 1 week ago
Ho Chi Minh City is the largest city in Vietnam. The town center is situated around the banks of the Saigon River, 37 miles (60 kilometers) in the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the administrative centre of Vietnam.
In the last decade, Vietnam continues to be improving its legal infrastructure, banking systems and overall social and economic environment. On January 11, 2007, the nation had become the 150th person in the globe Trade Organization. Today, a nearby world of business can be as serious about the country’s growth and future potential as foreign investors are. The truth is, foreign direct investment in Vietnam is required to reach US $15 billion in 2008, that’s over double from your same period in 2007.
Ho Chi Minh City will be the financial hub of Vietnam with over 300,000 businesses in industries like technology, electronics and construction. It’s a fast-paced city which is rapidly expanding in regards to its industry and it is population. The city’s vibrant culture and historical ambiance–combined by having an optimistic workforce (many of which don’t have any direct memories with the war with America that led to 1975) -have catapulted the location into one of the fastest growing economies in Asia.
The metropolitan area, which consists of the city center and surrounding towns, houses more than 9 million people, making it the largest metropolitan area in Vietnam and Indochina. Walking with the streets of Ho Chi Minh, one receives a a feeling of the present day when combined traditional Asian ambiance.
The area language is Vietnamese but English is spoken all over the place. All foreign restaurants have English-speaking staff and quite a few taxi drivers speak just a little English. The street and store signs have been in Vietnamese. Learning a minimum of a little Vietnamese will make life easier and efforts to do so will probably be appreciated through the locals.
All foreign visitors forced to obtain a Visa. A foreigner who relates to live and operate in Vietnam usually obtains a visa through his / her sponsoring organization. For a three- or six-month work visa, a passport and an invitation or assignment letter should be produced. The passport using a relevant visa is the most important document to get 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, starting from 200 to 500,000 VND. Make sure you take $ $ $ $ into Vietnam and exchange it upon arrival. US dollars can be utilized and adjusted although dong is the most commonly-used kind of payment for everyday purchases such as groceries. Larger establishments accept charge cards but they will levy a 3-5% 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 24 / 7 around Ho Chi Minh City.
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