Welcome to Ho Chi Minh City!
Ho Chi Minh City was named after Ho Chi Minh, a Vietnamese statesman, who served as prime minister and president of the Democratic Republic of Vietnam (North Vietnam). Ho Chi Minh led the North Vietnamese in the Vietnam American War until it ended in 1975. Ho Chi Minh passed away on the 2nd September 1969. Vietnamese unification followed and the former capital of South Vietnam, Saigon, was renamed Ho Chi Minh City in his honor.
Ho Chi Minh City is the largest city in Vietnam. The city center is situated on the banks of the Saigon River, 37 miles (60 kilometers) from the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the capital of Vietnam.
Over the past decade, Vietnam has been improving its legal infrastructure, banking systems and overall economic and social environment. On January 11, 2007, the country became the 150th member of the World Trade Organization. Today, the local business community is as enthusiastic about the country’s growth and future potential as foreign investors are. In fact, foreign direct investment in Vietnam is expected to reach US billion in 2008, which is more than double from the same period in 2007.
Ho Chi Minh City is the financial hub of Vietnam with over 300,000 businesses in industries such as technology, electronics and construction. It is a fast-paced city that is growing rapidly both in terms of its industry and its population. The city’s vibrant culture and historical ambiance–combined with an optimistic workforce (many of which have no direct memories of the war with America that ended in 1975) –have catapulted the city into one of the fastest growing economies in Asia.
The metropolitan area, which consists of the