Namely City. Ho Chi Minh City has always led the country in terms of export turnover in the past 10 years. In 2012, the city’s export sales reached USD 30.25 billion. By 2021, the city’s export revenue will have increased to USD 44.88 billion. For example, the city’s export turnover has increased by 1.5 times after 10 years.
In the period 2012-2021, the export turnover of Ho Chi Minh City. Ho Chi Minh City costs about USD 35.5 billion/year on average. That reports the city portal. In order to rapidly increase export sales, the city focuses on developing deep processing with advanced technology to be competitive in the domestic and international markets.
In addition, in addition to traditional industries, the city also focuses on strongly developing new areas, such as developing the information technology industry, software technology into a spearhead of the economic industry to meet customer needs.
Export turnover of the city of Ho Chi Minh City for the period 2012-2021. Source: General Customs.
In terms of the export market of goods, China is still Ho Chi Minh City’s largest export market. Ho Chi Minh City, followed by the United States and Japan.
In fact, Ho Chi Minh City has a big advantage in export business due to the country’s largest airport and seaport system.
Regarding the airport, Vietnam’s Civil Aviation Authority said that the Tan Son Nhat Airport in Ho Chi Minh City. Ho Chi Minh City ranks first in the country in terms of total mining area (more than 1,500 hectares) and cargo handling capacity per year.
In terms of seaports, according to the Ho Chi Minh City People’s Committee, the Port of Saigon is currently the seaport with the largest area and capacity in the country. The Port of Saigon is an international port with a total area of approximately 570,000 m2 and is a seaport system serving the city, surrounding areas and the Mekong Delta.
According to the city portal, Ho Chi Minh City borders the vast sea in the east, located between the east-west, north-south road axes, near international air and sea routes.
At the same time, the city has the largest airport and seaport in the country with a large loading and unloading capacity, close to international maritime routes, convenient for transporting goods by air and sea. Therefore, the city has a great advantage in trading goods with international markets.
In addition, Ho Chi Minh City has the most dynamic emerging economy in the country, especially in manufacturing. Accordingly, the city has the potential to provide a great source of goods for export activities.
In addition, Ho Chi Minh City is also the largest transportation hub in the southern region with modern infrastructure, full convergence of transportation means important for export business.
Source: CafeF