capital,up to 11.8 percent from 2009.
Sectors
The economy of Ho Chi Minh City consists of industries ranging from mining, seafood processing, agriculture, and construction, to tourism, finance, industry and trade. The state-owned sector makes up 33.3% of the economy, the private sector 4.6%, and the remainder in foreign investment. Concerning its economic structure, the service sector accounts for 51.1%, industry and construction account for 47.7% and forestry, agriculture and others make up just 1.2%.
Quang Trung Software Park is a software park situated in District 12. The park is approximately 15 km from downtown Ho Chi Minh City and hosts software enterprises as well as dot.com companies. The park also includes a software training school. Dot.com investors here are supplied with other facilities and services such as residences and high-speed access to the internet as well as favorable taxation. Together with the hi-tech park in District 9, and the 32 ha. software park inside Tan Thuan Export Processing Zone in District 7 of the city, Ho Chi Minh City aims to become an important hi-tech city in the country and the South-East Asia region. This park helps the city in particular and Vietnam in general to become an outsourcing location for other enterprises in developed countries, as India has done. Some 300,000 businesses, including many large enterprises, are involved in high-tech, electronic, processing and light industries, and also in construction, building materials and agricultural products. Additionally, crude oil is a popular economic base in the city. Investors are still pouring money into the city. Total local private investment was 160,000,000,000 dong (USD $10,000,000,000) with 18,500 newly founded companies. Investment trends to high technology, services and real estate projects.
As of June 2006, the city had three export processing zones and twelve
