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Ho Chi Minh City is located in a special geographical position, converging many favorable conditions for the economic development. Since olden time, the City has been a key strategic area of the South, a dense and prosperous trade center of exchange with foreigners.
Ho Chi Minh City at A Glance - 2015
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Area: 2,095 km2
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Administrative structure: 24 districts
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Population: 8,224.4 thousand, up 1.69% against 2014
|
|
2014 |
2015 |
|
1. GDP growth rate (%) |
9.59 |
9.85 |
|
· Agriculture-Forestry-Fisheries (%) |
5.90 |
5.87 |
|
· Industry and Construction (%) |
7.19 |
8.07 |
|
· Services (%) |
11.31 |
11.11 |
|
2. Index of Industrial Production (IIP) % |
7.0 |
7.9 |
|
3. Exports (million US$) |
|
30,588.2 |
|
· Export growth rate (%) |
8.8 |
-2.4 |
|
4. Imports (million US$) |
|
33,752.3 |
|
· Import growth rate (%) |
|
9.4 |
|
5. Foreign investment (million US$) |
2,842.8 |
2,810.3 |
|
6. State revenue (billion VN$) |
255,020 |
280,767 |
|
7. State expenditure (billion VN$) |
43,986 |
59,735 |
Top trading partners of Ho Chi Minh City in 2015
|
|
Export |
Import |
|
Value (billion USD) |
Share (%) |
Compared to 2014 (%) |
Value (billion USD) |
Share (%) |
Compared to 2014 (%) |
|
Total |
27,274.9 |
100.0 |
93.5 |
29,449.8 |
100.0 |
114.9 |
|
United States |
4,960.6 |
18.2 |
111.8 |
1,327.7 |
4.5 |
97.7 |
|
China |
3,928.0 |
14.4 |
110.3 |
6,487.3 |
22.0 |
126.7 |
|
Japan |
3.087.6 |
11.3 |
73.2 |
2,194.9 |
7.5 |
124,2 |
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Malaysia |
1,366.4 |
5.0 |
86.2 |
1,429.8 |
4.9 |
120.8 |
|
Hong Kong |
1,220.1 |
4.5 |
153.4 |
1,541.5 |
5.2 |
111.7 |
|
South Korea |
1,142.5 |
4.2 |
66.1 |
2,005.0 |
6.8 |
110.5 |
|
Singapore |
1,098.2 |
4.0 |
97.8 |
2,660.3 |
9.0 |
71.9 |
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Germany |
964.6 |
3.5 |
115.2 |
765.6 |
2.6 |
116.1 |
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Australia |
854.9 |
3.1 |
38.7 |
334.5 |
1.1 |
117.4 |
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Netherlands |
766.0 |
2.8 |
179.0 |
304.1 |
1.0 |
102.7 |
|
United Kingdom |
648.9 |
2.4 |
116.5 |
226.9 |
0.8 |
123.9 |
|
Philippines |
589.3 |
2.2 |
80.3 |
153.4 |
0.5 |
195.6 |
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Thailand |
572.5 |
2.1 |
66.1 |
1,877.0 |
6.4 |
131.3 |
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Indonesia |
464.5 |
1.7 |
106.4 |
629.3 |
2.1 |
137.2 |
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France |
422.1 |
1.5 |
102.0 |
327.5 |
1.1 |
117.9 |
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Taiwan |
397.8 |
1.5 |
47.7 |
1,591.7 |
5.4 |
90.7 |
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Cambodia |
364.9 |
1.3 |
169.7 |
45.1 |
0.2 |
118.7 |
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Italy |
290.7 |
1.1 |
107.4 |
278.7 |
0.9 |
107.8 |
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Belgium |
285.4 |
1.0 |
104.6 |
338.6 |
1.1 |
229.9 |
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India |
284.6 |
1.0 |
108.6 |
549.6 |
1.9 |
109.2 |
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Canada |
281.6 |
1.0 |
120.8 |
154.2 |
0.5 |
158.1 |
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Spain |
275.3 |
1.0 |
99.3 |
153.4 |
0.5 |
235.5 |
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Russia |
151.1 |
0.6 |
80.4 |
94.1 |
0.3 |
93.4 |
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Switzerland |
32.4 |
0.1 |
34.5 |
90.4 |
0.3 |
66.4 |
Top exported commodities of Ho Chi Minh City in 2015
|
No |
|
2015 (million USD) |
Change vs 2014 (%) |
|
1 |
Textiles and garments |
5,297.0 |
101.9 |
|
2 |
Computers, electrical products, spare parts and components thereof |
4,580.8 |
159 |
|
3 |
Footwear |
2,484.5 |
107.7 |
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4 |
Rice |
1,179.8 |
90.6 |
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5 |
Fishery products |
682.4 |
89.2 |
|
6 |
Rubber |
613.6 |
93.2 |
|
7 |
Bags, pockets, wallets, suitcases, hats and umbrellas |
458.8 |
98.5 |
|
8 |
Wood and wooden products |
455.9 |
88.3 |
|
9 |
Coffee |
544.1 |
73.4 |
|
10 |
Pepper |
525.4 |
100 |
Top imported commodities of Ho Chi Minh City in 2015
|
No |
|
2015 (million USD) |
Change vs 2014 (%) |
|
1 |
Computers, electrical products, parts and components thereof |
4,728.8 |
145.5 |
|
2 |
Fabrics |
2,405.4 |
104.1 |
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3 |
Plastic materials |
1,537.6 |
94.8 |
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4 |
Iron and steel |
1,382 |
85.5 |
|
5 |
Pharmaceutical products |
1,261.4 |
122.7 |
|
6 |
Chemical products |
906 |
99.9 |
|
7 |
Textile, garment and footwear materials |
837.7 |
103.3 |
|
8 |
Petroleum products |
612 |
119.8 |
|
9 |
Chemicals |
575.6 |
99.9 |
|
10 |
Paper |
492 |
100.1 |
Foreign direct investment in Ho Chi Minh City - 2015
|
Form of investment |
Number of projects |
Registered capital (million US$) |
|
100% foreign capital |
455 |
1.244,1 |
|
Joint venture |
98 |
1.560,3 |
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Contractual business |
2 |
5,9 |
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Total foreign investment |
555 |
2.810,3 |
Top investors in Ho Chi Minh City - 2015
|
No |
|
Number of projects |
Investment capital (million USD) |
|
1 |
United Kingdom |
10 |
1,202.6 |
|
2 |
S. Korea |
120 |
465.1 |
|
3 |
British Virgin Islands |
25 |
370.3 |
|
4 |
Singapore |
83 |
140.8 |
|
5 |
United States |
23 |
135.1 |
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6 |
Japan |
96 |
65.9 |
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7 |
Hong Kong |
24 |
51.6 |
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8 |
Seychelles |
1 |
50 |
|
9 |
China |
22 |
34.4 |
|
10 |
Taiwan |
16 |
6.7 |
Foreign direct investment by industry - 2015
|
Industry |
Number of projects |
Registered capital (million US$) |
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Industrial manufacturing |
63 |
767,4 |
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Construction |
31 |
67,3 |
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Commerce |
165 |
167,3 |
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Science-Technology |
125 |
169,4 |
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Real estate |
13 |
1.497,6 |
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ICT |
86 |
32,1 |
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Transport, logistics... |
30 |
25,8 |
Source: Statistics Office of Ho Chi Minh City
An Economic Hub of the Nation
- The 9-million-people City is the biggest economic center of Vietnam
- Center of the Southern Key Economic Zone (50% of the country’s GDP, and 60% of the country’s FDI)
- Contributing 20% of the country’s GDP
- 100,000 companies (30% of Vietnam) registered in Ho Chi Minh City.
- The best infrastructure:
- Tan Son Nhat Airport: the biggest airport of the country, connect to 20 countries, 12.5 million passengers in 2008
- Saigon Ports: the biggest port system of the country, 54.2 million tons in 2008
- 1 high tech park, 2 software parks, 3 export processing zones, and 12 industrial parks
- First stock market, 47 foreign bank branches
- 3,000 foreign representative offices from 60 countries
- 41 universities, 29 colleges and 34 professional secondary with 500,000 students
Business-friendly Government
- One stop shops for investors: DPI, ITPC
- E-government:
- Business registration on line
- Dialog On-line: 42 government authorities responsible for answering any enquiry from businesses within 5 working days
- Reduction of procedures waiting time.
- Face-to-face meetings with foreign investors, business consultants and attorneys regularly and per request.
Ho Chi Minh City by 2020
- Government target: HCMC will turn into a 10-million population metropolitan characterized by hi-tech industries, high end services and scientific - technological research facilities catching up regional level
- GDP/capita US 6,000; economic structure : 60.4 % service, 39.2 % industry
- Housing demand: from 11.5 m2/person currently to 17 m2/person by 2020
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Business Environment
