Why to set up your business in Ho Chi Minh ?

Investors, when they think of doing business in Vietnam, they often mention Ho Chi Minh. Why to set up your business in Ho Chi Minh ?
Ho Chi Minh City, the dynamic city located in the South of Vietnam, is considered as Vietnam’s economic centre. During the long history of foundation and development, the city’s economy proves itself as constant growth and it keeps motivating the development of Vietnam.

Ho Chi Minh is regarded as a potential investment environment for not only domestic investors but also it attracts foreign investors.The investment through establishing companies and conducting business activities in Ho Chi Minh city certainly promises to achieve multiple benefits. Following facts will show you why Ho Chi Minh attracts start up business.

1. Huge Population

There are more than 10 million people are lving in Ho Chi Minh who are earning a higher average income than any other part of the country. Consumer retail has found Ho Chi Minh City as an attractive market for investment in retail shops, malls, introducing quality consumer goods to the local.

Ho Chi Minh City is also famous for well – qualified, abundant and young human resources. The percentage of labor source holding postgraduate degree is also increasing year by year and most of them tend to stay in the city after holding degrees. Ho Chi Minh City is also home to more than 80 universities and colleges, vocational schools with over 400,000 students providing an abundant trained work force.

2. Adequate infrastructure

Ho Chi Minh City offers adequate infrastructure such as: Sai Gon port systems, deep seaport access from Vung Tau port systems, Tan Son Nhat international airport, and possible Long Thanh international airport project, Saigon railway station, the expressways, etc, connecting the city to neighbouring countries in the region: Singapore, Cambodia… and other part of the world.

Tan Son Nhat Airport is the largest airport in the country with the capacity to accommodate 20 million people a year. From Tan Son Nhat Airport, there are 50 routes to other countries all over the world such as China, Japan, Korea, Singapore, European countries, etc. Through setting up factories in industrial zones, processing zones, local and international manufacturing companies could take advantage of high quality labor resources at reasonable cost and move the finished goods to final destinations in US, EU with reasonable lead-time and expenses. Consequently, the city has become leading industrial city of Vietnam, contributing more than 30% industrial production, 30% GPD and 30% national income to the country’s total.

3. Financial center

Ho Chi Minh City is also a financial center, which the biggest stock exchange is located. Many corporations, and investment companies has chosen Ho Chi Minh City to set-up management and investment offices to search for opportunities, conduct Merger and Acquisitions and other business transactions, to leverage the annual growth of the country at more than 6%.

4. Simple administrative process

In addition to above benefits, the city government has been improving policies to support the removal of difficulties for foreign-invested enterprises investing in Vietnam through fixing administrative procedures to shorten the administrative process, saving time for investors, offering “one-stop” mechanism at the main state agencies.

For any other information or instruction about setting up business in Ho Chi Minh, kindly contact us:

Website: Vietnamvisavoa.com

Hotline: +84969255515

Email:support@vietnamvisavoa.com

It is most recommended to apply for a tourist visa, pay for a visit to Vietnam, learn about Ho Chi Minh to see if you are suitable for this place before you decide to invest here.