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  • Huff Atkins posted an update 5 years, 3 months ago

    Ho Chi Minh City may be the largest city in Vietnam. The location center can be found for the banks from the Saigon River, 37 miles (60 kilometers) through the South China Sea and 1,094 miles (1,760 kilometers) south of Hanoi, the funding of Vietnam.

    Over the past decade, Vietnam has become improving its legal infrastructure, banking systems and overall economic and social environment. On January 11, 2007, the country took over as the 150th an affiliate the World Trade Organization. Today, the local business community can be as excited about the nation’s growth and future potential as foreign investors are. The truth is, foreign direct investment in Vietnam is predicted to reach US $15 billion in 2008, which can be greater than double in the same period in 2007.

    Ho Chi Minh City may be the financial hub of Vietnam with well over 300,000 businesses in industries such as technology, electronics and construction. It’s a fast-paced city that’s expanding as well in both terms of its industry as well as population. The city’s vibrant culture and historical ambiance–combined having an optimistic workforce (a few of which have zero direct memories in the war with America that resulted in 1975) -have catapulted the town into among the fastest growing economies in Asia.

    The metropolitan area, which consists of the city center and surrounding towns, has over 9 million people, making it the greatest metropolitan area in Vietnam and Indochina. Walking over the streets of Ho Chi Minh, one gets a a feeling of present day when combined traditional Asian ambiance.

    The local language is Vietnamese but English is spoken almost everywhere. All foreign restaurants have English-speaking staff and most taxi drivers speak somewhat English. The road and store signs come in Vietnamese. Learning at the very least a little Vietnamese could make life easier and efforts to take action will be appreciated from the locals.

    All foreign guests are required to get a Visa. A foreigner who relates to live and are employed in Vietnam usually obtains a visa through her or his sponsoring organization. For a three- or six-month work visa, a passport as well as an invitation or assignment letter will need to be produced. The passport having a relevant visa is the most important document to get a foreigner in Vietnam. Our recommendation is that all visitors register using local Consulate or Embassy upon arrival in Ho Chi Minh City.

    The area currency is Vietnam dong (VND). The dong also comes in notes and coins, which range from 200 to 500,000 VND. It is advisable to take $ $ $ $ into Vietnam and exchange it upon arrival. Greenbacks can be utilized and changed although dong is easily the most commonly-used form of payment for everyday purchases for example groceries. Larger establishments accept credit cards nonetheless they will levy a 3-5% fee. Smaller local markets only accept cash.

    There are several 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 can find automatic teller machines (ATMs) available around the clock all over Ho Chi Minh City.

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