Market Information

Ho Chi Minh City Beckons – Building and Construction Investment Opportunities in the Southern Key Economic Zone

The Southern Key Economic Zone, comprising Ho Chi Minh City
and 8 neighboring provinces, is one of Vietnam’s most dynamic economic zones. It accounts for 50% of the country’s gross domestic product and more than 60% of the FDI capital.

Favorable Investment Climate
Dynamic, vibrant and charming, HCMC (formerly Saigon), is one of the fastest-growing cities in Southeast Asia with a rising economy, a well-educated, entrepreneurial and industrious business populace, modern facilities and a burgeoning middle class lifestyle. Next to Hanoi, HCMC is the most important trading hub and city of enterprise in Vietnam, emerging as the “Shanghai” of Vietnam with Thu Thiem (model Pudong policy).

HCMC has seen exceptional economic development. It contributed 12.6% to National GDP in 2007, with Industry and Service accounting for 42% and 40% of growth respectively. Marking a two-decade record, HCMC has, over the first 7 months of 2008, licensed 271 foreign invested projects worth more than US$7.71- billion, 12 times higher than the total FDI volume of the same period last year. HCM City now has 2,908 valid projects with a total capital of US$24.91-billion.

The Ministry of Planning and Investment reported that Vietnam attracted US$45.28-billion in FDI for the first 7 months of the year, a four-time year-on-year increase. This increase in registered FDI is viewed as a sign of foreign investors’ confidence in the Vietnamese investment environment.

MMI keeps a close tab on market trends and timely entries. More concrete reasons why MMI is showcasing ConBuild Vietnam 2009 in HCMC includes the:

  • Restructuring of the Southern Metropolitan New Master Plan in the 10-year infrastructure development plan
  • Development of industrial zones and factories around HCMC
  • Transportation, warehouse & logistic systems established to support the expansion of exports
  • Relocation of ports & airports to outskirt destinations
  • Government sponsored housing development program and new townships in greater metropolitan HCMC
  • Relocation & decentralization of universities and technical colleges/institutes from inner Saigon to outskirts of HCMC
  • Development of info-structure and fiber optics to create the foundation of knowledge economy
  • Progress in integration of renewable & green technology to support green buildings, eco and adventure tourism, etc.
  • Change in the lifestyle/quality of life through an emerging middle class – mall culture, hospitals, healthcare and new urban development

Don’t miss the immense opportunities of extending your network, expanding your construction, building and service operations and developing strong, thriving inroads in and around Ho Chi Minh City now!