Welcome back to our second piece on Vietnam. This time I will be sharing my thoughts on the business hub of Vietnam, Ho Chi Minh City, formerly known as Saigon. Just to recap from our previous segment, Hanoi is widely considered as the administrative and policy-making centre of Vietnam. Saigon, on the other hand, has the economic centre and it is the heart and soul of Vietnam’s commerce scene. Money is on everyone’s mind and the pulse of deal-making and business development is palpable everywhere you go.
Ho Chi Minh City
Ho Chi Minh City (HCMC) has a population of almost 8.5 million people. The most telling and easy way of identifying the urban districts is from 1 through to 12. (Hunger games always comes to mind). District 1 is the Central Business District (CBD) where most of the commercial buildings including the Saigon Trade Centre are located. District 2 across the Saigon river is increasingly gaining in prominence as the new residential hotspot across the high-end Binh Thanh district. The master-planned area of Thu Thiem within District 2 is touted as the next CBD and id being compared with what Pudong is with the Shanghai CBD. District 7 is also another district with a prominent master planned community at Phu My Hung and is also seeing increasing importance as a residential suburb.
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