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destination highlight: Ho Chi Minh City, Vietnam

Written by Laura Varela

 

When most people think of chaos, they picture a scene of utter disorder and confusion.
But what if we told you there is such a thing as organized chaos?

Destination highlight: Ho Chi Minh City, Vietnam

Written by Laura Varela

 

When most people think of chaos, they picture a scene of utter disorder and confusion.
But what if we told you there is such a thing as organized chaos?

ho chi minh city (12)

That is the best way to describe Ho Chi Minh City! On the one hand, you have the traditional temples and pagodas that have stood for centuries, juxtaposed against sleek skyscrapers and modern shopping malls. And then there are the millions of motorbikes zipping in and out of traffic, creating a symphony of horns and exhaust fumes. This unique blend of old and new, East and West, makes Ho Chi Minh City a fascinating, bustling metropolis. 

But it’s not just the unique urban landscape that makes Ho Chi Minh City so special—it’s the people. The locals are entrepreneurial and hardworking, they’re constantly hustling, whether selling goods on the street or working long hours in the city’s many factories. And despite the city’s chaotic nature, they’re always welcoming and smiling and, more importantly, forward-looking.

ho chi minh city (12)

That is the best way to describe Ho Chi Minh City! On the one hand, you have the traditional temples and pagodas that have stood for centuries, juxtaposed against sleek skyscrapers and modern shopping malls. And then there are the millions of motorbikes zipping in and out of traffic, creating a symphony of horns and exhaust fumes. This unique blend of old and new, East and West, makes Ho Chi Minh City a fascinating, bustling metropolis. 

But it’s not just the unique urban landscape that makes Ho Chi Minh City so special—it’s the people. The locals are entrepreneurial and hardworking, they’re constantly hustling, whether selling goods on the street or working long hours in the city’s many factories. And despite the city’s chaotic nature, they’re always welcoming and smiling and, more importantly, forward-looking.

The Business Scene in Ho Chi Minh City

Regarding emerging markets, few cities are as poised for growth as Ho Chi Minh City. The city’s admitted embrace of capitalism has led to a burgeoning economy, with consequent real estate and construction booms. 

As the largest city in Vietnam, with a population of over 8 million people, the city is home to a plethora of businesses, ranging from small family-owned shops to large multinational corporations. However, the business scene there is quite different from what you might be used to in Western countries. For one thing, the Vietnamese government still owns many businesses, so you’ll need to be aware of the political landscape when doing business here. Additionally, most business is conducted in person so you need to be willing to put in the face time and fine tune your cross cultural competence to do business in Vietnam.

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The Business Scene in
Ho Chi Minh City

Regarding emerging markets, few cities are as poised for growth as Ho Chi Minh City. The city’s admitted embrace of capitalism has led to a burgeoning economy, with consequent real estate and construction booms. 

As the largest city in Vietnam, with a population of over 8 million people, the city is home to a plethora of businesses, ranging from small family-owned shops to large multinational corporations. However, the business scene there is quite different from what you might be used to in Western countries. For one thing, the Vietnamese government still owns many businesses, so you’ll need to be aware of the political landscape when doing business here. Additionally, most business is conducted in person so you need to be willing to put in the face time and fine tune your cross cultural competence to do business in Vietnam.

Ho Chi Minh City continues to grow and solidify as a business and finance hub, making it an ideal location for students to learn how businesses operate in a rapidly-growing economy.

If HCMC is not already on your radar for your next global business immersion, it should be at the top of your list for 2023 if you’re looking for an international MBA travel destination that offers a wealth of business learning opportunities. From its rich history and culture to its thriving business community, Ho Chi Minh City is a melting pot of cultures, where the East meets the West and the old meets the new. It’s a place where anything is possible and opportunities abound.   

Did we mention the amazing food you can find all over Vietnam? We’ll have to leave that for another blog post! 

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