- June 6, 2020
- Posted by: Piers Midwinter
- Category: Ho Chi Minh City, Saigon, Vietnam
Ho Chi Minh City (Saigon) is the business and financial hub of Vietnam. Ho Chi Minh City (Saigon) is a popular tourist destination due to its fascinating culture, classic French architecture, and sleek skyscrapers as well as ornate temples and venerable pagodas. All the accouterments of economic success are here – fine restaurants, flashy hotels, glitzy bars and clubs, and shops selling imported luxury goods – adding a glossy veneer to the city’s hotchpotch landscape of French colonial architecture, and austere, Soviet-style housing blocks. The city constantly reverberates with the whirr of a million motorbikes. Reverberating with the whirr of a million motorbikes.
Ho Chi Minh City wants to become the first smart city in Vietnam by 2020. The city’s government, for example, plans to offer civil services through a cloud computing structure and a big data ecosystem. In December 2017, it partnered with Microsoft to develop and roll out smart IT platforms aimed to address concerns of the city residents related to social security, sanitation, as well as government licensing and procedures.
Ho Chi Minh City is home to most of the ex-pats living in Vietnam and, as a result of the city’s ever-increasing ex-pat population, has seen a growth in the number of private and international schools. These prestigious schools offer an excellent quality of education and state-of-the-art facilities and are popular with ex-pats as well as wealthy Vietnamese locals.
Vietnam in the past 20 years has been one of the fastest-growing markets in the world and Saigon could well become the next Silicon Valley. In fact, the municipal government of HCMC has submitted plans to develop a large tech zone, that is being dubbed the ‘Silicon Valley of Vietnam’