Why HCMC? | QTSC

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The city contributes one-fourth of the national GDP, one-third of the value of industrial output, more than 27% of the total state budget revenues, more than 30% of the total export-import turnover and attracts large volume of foreign direct investment (FDI) in the country.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">In 2021, HCMC’s GRDP was estimated to decrease by 6.78% compared to the same period last year. Attracting USD 7.23 billion of FDI (rose by 38.6% over the same period in 2020).</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">HCMC has the largest system of airport, seaport, IT parks and hi-tech parks in Vietnam.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">The city is also the international gateway for more than 50 international bank branches and 3,000 representative offices from more than 62 countries.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">There are over 110 universities and colleges with approximately 700,000 students, including more than 31 universities and 18 colleges training information technology major.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">HCMC is a “home” to a great number of big IT enterprises in Vietnam. There are 5,636 enterprises operating in IT field, including many big multinational corporations such as Intel, HP, IBM, Renesas, Fujitsu, NEC, etc.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">Most of Vietnam’s hi-tech parks and research centers are located in HCMC such as: Quang Trung Software City (QTSC); 02 QTSC chain members: QTSC and Information Technology Park – Vietnam National University HCMC (VNU-ITP); Saigon Hi-Tech Park (SHTP); Agricultural Hi-Tech Park of HCMC (AHTP); Biotechnology Center of HCMC.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">HCMC is always leading in the wave of innovation and startup boom, accounting for nearly 50% of Vietnam’s startups. The city is striving to become a startup center of the country by establishing 500,000 enterprises in 2020 as the target.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">In 2019, HCMC has become the first locality in Vietnam to run 5G trial program. Through the use of this technology, the city can accordingly have higher possibilities to perform more effectively and efficiently in the near future, becoming the top tier of the country in digital transformation trend.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">HCMC is also the pioneer in building up Smart city, AI, Financial center.</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">In 2019, HCMC has joined the Global Innovation Alliance (GIA), including big and dynamic cities all over the world: Bangkok (Thailand), San Francisco (US), Tokyo (Japan), Paris (France), Jakarta (Indonesia), Beijing, Suzhou, Shanghai (China), Berlin, Munich (Germany),...</span></li> <li style="text-align: justify;"><span style="font-family: Arial, sans-serif; font-size: 10pt; text-align: justify; color: #000000;">HCMC is highly evaluated by prestigious organizations in the world:</span></li> </ol> <p style="padding-left: 30px; text-align: justify;"><span style="font-size: 10pt; font-family: Arial, sans-serif; color: #000000;">- HCMC was ranked (#6) in the Top 10 cities for expats living and working abroad - Expat City Ranking (2021).</span></p> <p style="padding-left: 30px; text-align: justify;"><span style="font-size: 10pt; font-family: Arial, sans-serif; color: #000000;">- HCMC was ranked (#2) among the fastest growing economies in ASEAN (2021).</span></p> <p style="padding-left: 30px; text-align: justify;"><span style="font-size: 10pt; font-family: Arial, sans-serif; color: #000000;">- HCMC was ranked (#3) in the world's Top 20 Most Dynamic Cities - Jones Lang LaSalle City Momentum Index (2020).</span></p> <p style="padding-left: 30px; text-align: justify;"><span style="color: #000000;"><span style="font-size: 10.0pt; font-family: 'Arial',sans-serif;">- HCMC was ranked (#18) in Top 20 global services cities</span> <span style="font-size: 10.0pt; font-family: 'Arial',sans-serif;">- Tholons (2016).</span></span></p></div> </div> <div class="col-lg-4 col-xl-3"> <div id="menu-sidebar" class="rounded-df border overflow-hidden"> <h6 class="text-uppercase text-white bg-red mb-0 text-center py-2">Category</h6> <ul class="main px-2 py-3 text-sm"> <li class="py-2 "> <a class="text-dark-gray" href="en/introduction"> Introduction </a> </li> <li class="py-2 border-top"> <a class="text-dark-gray" href="en/vision-mission-core-values"> Vision - Mission - Core Values </a> </li> <li class="py-2 border-top"> <a class="text-dark-gray" href="en/why-qtsc"> Why QTSC? </a> </li> <li class="py-2 border-top"> <a class="text-dark-gray" href="en/why-hcmc"> Why HCMC? </a> </li> <li class="py-2 border-top"> <a class="text-dark-gray" href="en/why-vietnam"> Why Vietnam? </a> </li> </ul> </div> </div> </div> </main> <section id="" class="container-xl py-5"> <div class="row"> <div id="chains" 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