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52-639: OCB was established on June 10, 1996 in Ho Chi Minh City . In the early years of its establishment, OCB focused on developing retail banking services , such as deposit mobilization, lending, payment , card services, etc.. OCB also expanded its operating network to many provinces and cities across the country. From 2000 onwards, OCB began to grow rapidly. The bank has developed more modern banking products and services, such as online banking, mobile banking, etc. OCB also invested heavily in information technology and human resource development . In 2008, OCB

104-745: A botanical garden , the Norodom Palace , Hotel Continental , Notre-Dame Cathedral , and Bến Thành Market , among many others. In April 1865, Gia Định Báo was established in Saigon, becoming the first newspaper published in Vietnam. During the French colonial era, Saigon became known as "Pearl of the Orient" ( Hòn ngọc Viễn Đông ), or "Paris of the Extreme Orient". On 27 April 1931,

156-482: A centre of resistance against Tây Sơn. Two years later, a large Vauban citadel called Gia Định , or Thành Bát Quái ("Eight Diagrams") was built by Victor Olivier de Puymanel , one of the Nguyễn Ánh's French mercenaries . The citadel was captured by Lê Văn Khôi during his revolt of 1833–35 against Emperor Minh Mạng . Following the revolt, Minh Mạng ordered it to be dismantled, and a new citadel, called Phụng Thành ,

208-426: A common Vietnamese surname ( Hồ , 胡 ) with a given name meaning "enlightened will" (from Sino-Vietnamese , 志 明 ; Chí meaning 'will' or 'spirit', and Minh meaning 'light'), in essence, meaning "light bringer". Nowadays, "Saigon" is still used as a semi-official name for the city, in some cases being used interchangeably with Ho Chi Minh City, partly due to its long history and familiarity. "Prey Nokor City"

260-609: A metropolitan area covering most parts of the southeast region plus Tiền Giang Province and Long An Province under planning, will have an area of 30,000 km (12,000 sq mi) with a population of 20 million inhabitants by 2020. Inhabitants of Ho Chi Minh City are usually known as "Saigonese" in English and "dân Sài Gòn" in Vietnamese. The majority of the population are ethnic Vietnamese ( Kinh ) at about 93.52%. Ho Chi Minh City's largest minority ethnic group are

312-475: A mission to ask his son-in-law, King Chey Chettha II, to set up tax collection stations in Prey Nokor (Sài Gòn) and Kas Krobei (Bến Nghé). Although this was a deserted jungle area, it was located on the traffic routes between Vietnam, Cambodia, and Siam. The next two important events of this period were the establishment of the barracks and residence of Vice King Ang Non and the establishment of

364-510: A name that was retained until the time of the French conquest in the 1860s, when it adopted the name Sài Gòn , francized as Saïgon , although the city was still indicated as 嘉 定 on Vietnamese maps written in chữ Hán until at least 1891. The current name, Ho Chi Minh City, was given after reunification in 1976 to honour Ho Chi Minh . Even today, however, the informal name of Sài Gòn remains in daily speech. However, there

416-544: A new région called Saigon–Cholon consisting of Saigon and Cholon was formed; the name Cholon was dropped after South Vietnam gained independence from France in 1955. From about 256,000 in 1930, Saigon's population rose to 1.2 million in 1950. In 1949, former Emperor Bảo Đại made Saigon the capital of the State of Vietnam with himself as head of state. In 1954, the Geneva Agreement partitioned Vietnam along

468-611: A palace at Tân Mỹ (near the present-day Cống Quỳnh–Nguyễn Trãi crossroads). It can be said that Saigon was formed from these three government agencies. In 1679, Lord Nguyễn Phúc Tần allowed a group of Chinese refugees from the Qing dynasty to settle in Mỹ Tho , Biên Hòa and Saigon to seek refuge. In 1698, Nguyễn Hữu Cảnh , a Vietnamese noble, was sent by the Nguyễn rulers of Huế by sea to establish Vietnamese administrative structures in

520-402: A quarter of the country's total GDP . Ho Chi Minh City's metropolitan area is ASEAN's 6th largest economy , also the biggest outside an ASEAN country capital. Since ancient times, water transport has been heavily used by inhabitants in the area. The area was occupied by Champa from 2nd century AD to around the 19th century, due to Đại Việt 's expansionist policy of Nam tiến . After

572-618: A small group of Bawean from Bawean Island in Indonesia (about 400; as of 2015), they occupy District 1. Various other nationalities including Koreans, Japanese, Americans, South Africans, Filipinos and Britons reside in Ho Chi Minh City, particularly in Thủ Đức and District 7 as expatriate workers. As of April 2009, the city recognises 13 religions and 1,983,048 residents identify as religious people. Buddhism and Catholicism are

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624-746: Is 28 °C (82 °F), with little variation throughout the year. The highest temperature recorded was 40.0 °C (104 °F) in April while the lowest temperature recorded was 13.8 °C (57 °F) in January. On average, the city experiences between 2,400 and 2,700 hours of sunshine per year. The city is a municipality at the same level as Vietnam's provinces , which is subdivided into 22 district-level sub-divisions (as of 2020): They are further subdivided into 5 commune-level towns (or townlets), 58 communes, and 249 wards (as of 2020 , see List of HCMC administrative units below). On 1 January 2021, it

676-585: Is 47 km (29 mi). Due to its location on the Mekong Delta, the city is fringed by tidal flats that have been heavily modified for agriculture. Saigon is considered one of the most vulnerable cities to the effects of climate change , particularly flooding. During the rainy season, a combination of high tide, heavy rains, high flow volume in the Saigon River and Đồng Nai River and land subsidence results in regular flooding in several parts of

728-524: Is a technical difference between the two terms: Sài Gòn is commonly used to refer to the city centre in District 1 and the adjacent areas, while Ho Chi Minh City refers to all of its urban and rural districts. The original toponym behind Sài Gòn, was attested earliest as 柴棍 , with two phonograms whose Sino-Vietnamese readings are sài and côn respectively, in Lê Quý Đôn's "Miscellaneous Chronicles of

780-420: Is expected to grow to 13.9 million by 2025. The population of the city is expanding faster than earlier predictions. In August 2017, the city's mayor, Nguyễn Thành Phong, admitted that previous estimates of 8–10 million were drastic underestimations. The actual population (including those who have not officially registered) was estimated 13 million in 2017. The Ho Chi Minh City Metropolitan Area ,

832-469: Is facing increasing threats of sea level rise and flooding as well as heavy strains on public infrastructures. The first known human habitation in the area was a Cham settlement called Baigaur. The Cambodians then took over the Cham village of Baigaur and renamed it Prey Nokor, a small fishing village. Over time, under the control of the Vietnamese, it was officially renamed Gia Định ( 嘉 定 ) in 1698,

884-552: Is the most populous city in Vietnam , with a population of around 10 million in 2023. The city's geography is defined by rivers and canals, of which the largest is Saigon River . As a municipality , Ho Chi Minh City consists of 16 urban districts , five rural districts , and one municipal city (sub-city). As the largest financial centre in Vietnam, Ho Chi Minh City has the highest gross regional domestic product out of all Vietnam provinces and municipalities, contributing around

936-595: Is well known in Khmer, whereas "Ho Chi Minh City" is used to refer to the whole city. The earliest settlement in the area was a Funan temple at the location of the current Phụng Sơn Buddhist temple, founded in the 4th century AD. A settlement called Baigaur was established on the site in the 11th century by the Champa . Baigaur was renamed Prey Nokor after conquest by the Khmer Empire around 1145, Prey Nokor grew on

988-461: The 17th parallel ( Bến Hải River ), with the communist Việt Minh , under Ho Chi Minh , gaining complete control of the northern half of the country , while the southern half gained independence from France. The State officially became the Republic of Vietnam when Bảo Đại was deposed by his Prime Minister Ngô Đình Diệm in the 1955 referendum , with Saigon as its capital. On 22 October 1956,

1040-730: The Port of Saigon is among the busiest container ports in Southeast Asia . Ho Chi Minh City is also a tourist attraction. Some of the war and historic landmarks in the city include the Independence Palace , Landmark 81 (tallest building in Vietnam), the War Remnants Museum , and Bến Thành Market . The city is also known for its narrow walkable alleys and bustling night life . Currently, Ho Chi Minh City

1092-697: The Vietnamese People's Army . In 1976, upon the establishment of the unified communist Socialist Republic of Vietnam, the city of Saigon (including the Cholon area), the province of Gia Ðịnh and two suburban districts of two other nearby provinces were combined to create Ho Chi Minh City, in honour of the late Communist leader Ho Chi Minh. At the time, the city covered an area of 1,295.5 square kilometres (500.2 sq mi) with eight districts and five rurals: Thủ Đức , Hóc Môn , Củ Chi , Bình Chánh , and Nhà Bè . Since 1978, administrative divisions in

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1144-519: The 1960s, Saigon experienced economic downturn and high inflation, as it was completely dependent on U.S. aid and imports from other countries. As a result of widespread urbanisation, with the population reaching 3.3 million by 1970, the city was described by the USAID as being turned "into a huge slum". The city also suffered from "prostitutes, drug addicts, corrupt officials, beggars, orphans, and Americans with money", and according to Stanley Karnow , it

1196-491: The 1990s, the city underwent rapid expansion and modernization, which contributed to Vietnam's post-war economic recovery and helped revive its international trade hub status. Ho Chi Minh City has a long tradition of being one of the centers of economy, entertainment and education in Vietnam. As such, the city is also the busiest international transport hub in Vietnam, as Tân Sơn Nhất International Airport accounts for nearly half of all international arrivals to Vietnam and

1248-529: The Chinese ( Hoa ) with 5.78%. Cholon – in District 5 and parts of Districts 6, 10, and 11 – is home to the largest Chinese community in Vietnam. The Hoa (Chinese) speak a number of varieties of Chinese , including Cantonese , Teochew (Chaozhou), Hokkien , Hainanese , and Hakka ; smaller numbers also speak Mandarin Chinese . Other ethnic minorities include Khmer with 0.34%, Cham with 0.1%, as well as

1300-682: The Communist Party is ranked second in the city politics after the Secretary of the Communist Party, while chairman of the People's Committee is ranked third and the chairman of the People's Council is ranked fourth. Sub-division units Dec. 2003 Area (km ) Dec. 2008 Population as of census 1 October 2004 Population as of census 1 April 2009 Population 2010 Population 2011 Population 2015 Population/km 2011 The population of

1352-952: The Pacified Frontier" ( 撫邊雜錄 , Phủ biên tạp lục c. 1776), wherein Lê relates that, in 1674, Cambodian prince Ang Nan was installed as uparaja in 柴棍 (Sài Gòn) by Vietnamese forces. 柴棍 also appears later in Trịnh Hoài Đức's "Comprehensive Records about the Gia Định Citadel" ( 嘉定城通志 , Gia Định thành thông chí , c. 1820), "Textbook on the Geography of the Southern Country" ( 南國地輿教科書 , Nam quốc địa dư giáo khoa thư , 1908), etc. Adrien Launay's Histoire de la Mission de Cochinchine (1688−1823), "Documents Historiques II: 1728 - 1771" (1924: 190 ) cites 1747 documents containing

1404-523: The Vietnamese source Phủ biên tạp lục (albeit written in literary Chinese) was the earliest extant one containing the local toponym's transcription; (2) 堤岸 has variant form 提岸 , thus suggesting that both were transcriptions of a local toponym and thus are cognates to, not originals of, Sài Gòn. Saigon is unlikely to be from 堤岸 since in "Textbook on the Geography of the Southern Country", it also lists Chợ Lớn as 𢄂𢀲 separate from 柴棍 Sài Gòn. The current official name, Thành phố Hồ Chí Minh ,

1456-453: The area, thus detaching the area from Cambodia, which was not strong enough to intervene. He is often credited with the expansion of Saigon into a significant settlement. King Chey Chettha IV of Cambodia tried to stop the Vietnamese but was defeated by Nguyễn Hữu Cảnh in 1700. In February 1700, he invaded Cambodia from An Giang . In March, the Vietnamese expedition under Cảnh and a Chinese general Trần Thượng Xuyên (Chen Shangchuan) defeated

1508-407: The city centre and 16 m (52 ft) for the suburb areas. It borders Tây Ninh Province and Bình Dương Province to the north, Đồng Nai Province and Bà Rịa–Vũng Tàu province to the east, Long An Province to the west, Tiền Giang Province and South China Sea to the south with a coast 15 km (9 mi) long. The city covers an area of 2,095 km (809 sq mi) or 0.63% of

1560-546: The city have been revised numerous times, most recently in 2020, when District 2 , District 9 , and Thủ Đức District were consolidated to form a municipal city . On 29 October 2002, 60 people died and 90 injured in the International Trade Center building fire in Ho Chi Minh City. Today, Ho Chi Minh City, along with its surrounding provinces, is described as "the manufacturing hub" of Vietnam, and "an attractive business hub". In terms of cost, it

1612-524: The city is the Ho Chi Minh City People's Council and consists of 105 members. The current chairwoman is Nguyễn Thị Lệ . The judiciary branch of the city is the Ho Chi Minh City People's Court. The current chief judge is Lê Thanh Phong . The executive committee of Communist Party of Ho Chi Minh City is the leading organ of the Communist Party in Ho Chi Minh City. The current secretary is Nguyễn Văn Nên . The permanent deputy secretary of

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1664-409: The city was given the official name, Đô Thành Sài Gòn ("Capital City Saigon"). After the decree of 27 March 1959 came into effect, Saigon was divided into eight districts and 41 wards. In December 1966, two wards from old An Khánh Commune of Gia Định, were formed into District 1, then seceded shortly later to become District 9. In July 1969, District 10 and District 11 were founded, and by 1975,

1716-568: The city's area consisted of eleven districts, Gia Định , Củ Chi District ( Hậu Nghĩa ), and Phú Hòa District ( Bình Dương ). Saigon served as the financial, industrial and transport centre of the Republic of Vietnam. In the late 1950s, with the U.S. providing nearly $ 2 billion in aid to the Diệm regime, the country's economy grew rapidly under capitalism ; by 1960, over half of South Vietnam's factories were located in Saigon. However, beginning in

1768-435: The city, as of the 1 October 2004 census, was 6,117,251 (of which 19 inner districts had 5,140,412 residents and 5 suburban districts had 976,839 inhabitants). In mid-2007, the city's population was 6,650,942 – with the 19 inner districts home to 5,564,975 residents and the five suburban districts containing 1,085,967 inhabitants. The result of the 2009 Census shows that the city's population was 7,162,864 people, about 8.34% of

1820-469: The city, in protest of the Diệm regime. On 1 November of the same year, Diệm was assassinated in Saigon, in a successful coup by Dương Văn Minh . During the 1968 Tet Offensive , communist forces launched a failed attempt to capture the city . Seven years later, on 30 April 1975, Saigon was captured , ending the Vietnam War with a victory for North Vietnam, and the city came under the control of

1872-479: The city. A once-in-100 year flood would cause 23% of the city to suffer flooding. The city has a tropical climate , specifically tropical savanna ( Aw ), with a high average humidity of 78–82%. The year is divided into two distinct seasons. The rainy season, with an average rainfall of about 1,800 mm (71 in) annually (about 150 rainy days per year), usually lasts from May to November. The dry season lasts from December to April. The average temperature

1924-477: The fall of the Citadel of Saigon , the city became the capital of French Indochina from 1887 to 1902, and again from 1945 until its cessation in 1954. Following the partition of French Indochina , it became the capital of South Vietnam until it was captured by North Vietnam , who renamed the city after their former leader Hồ Chí Minh , though the former name is still widely used in informal usages. Beginning in

1976-474: The main Cambodian army at Bích Đôi citadel, king Chey Chettha IV took flight while his nephew Ang Em surrendered to the invaders, as the Vietnamese marched onto and captured Cambodia's capital Phnom Penh . As a result, Saigon and Long An were officially and securely obtained by the Nguyễn, more Vietnamese settlers moved into the new conquered lands. In 1788, Nguyễn Ánh captured the city, and used it as

2028-481: The people of the two countries could freely move back and forth. In exchange, Chey Chettha II gifted Prei Nokor to the Nguyễn lords . Vietnamese settlers began to migrate to the area of Saigon, Đồng Nai. Before that, the Funanese, Khmer, and Cham had lived there, scattered from time immemorial. The period from 1623 to 1698 is considered the period of the formation of later Saigon. In 1623, Lord Nguyen sent

2080-560: The rest are the Saigonese who don't believe in God which is Atheism . The city is the economic center of Vietnam and accounts for a large proportion of the economy of Vietnam . Although the city takes up just 0.6% of the country's land area, it contains 8.34% of the population of Vietnam, 20.2% of its GDP, 27.9% of industrial output and 34.9% of the FDI projects in the country in 2005. In 2005,

2132-526: The site of a small fishing village and area of forest. The first Vietnamese people crossed the sea to explore this land completely without the organisation of the Nguyễn Lords . Thanks to the marriage between Princess Nguyễn Phúc Ngọc Vạn - daughter of Lord Nguyễn Phúc Nguyên - and the King of Cambodia  Chey Chettha II in 1620, the relationship between Vietnam and Cambodia became smooth, and

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2184-515: The surface of Vietnam), extending up to Củ Chi District (12 mi or 19 km from the Cambodian border) and down to Cần Giờ on the Eastern Sea. The distance from the northernmost point (Phú Mỹ Hưng Commune, Củ Chi District ) to the southernmost one (Long Hòa Commune, Cần Giờ District) is 102 km (63 mi), and from the easternmost point ( Long Bình ward , District Nine) to the westernmost one (Bình Chánh Commune, Bình Chánh District)

2236-529: The toponyms: provincia Rai-gon, Rai-gon thong (for *Sài Gòn thượng "Upper Saigon"), & Rai-gon-ha (for *Sài Gòn hạ "Lower Saigon"). It is probably a transcription of Khmer ព្រៃនគរ (Prey Nokôr) , or Khmer ព្រៃគរ (Prey Kôr). The proposal that Sài Gòn is from non-Sino-Vietnamese reading of Chinese 堤岸 (“embankment”, tai4 ngon6 , SV: đê ngạn) , the Cantonese name of Chợ Lớn , (e.g. by Vương Hồng Sển) has been critiqued as folk-etymological, as: (1)

2288-492: The total population of Vietnam, making it the highest population-concentrated city in the country. As of the end of 2012, the total population of the city was 7,750,900 people, an increase of 3.1% from 2011. As an administrative unit, its population is also the largest at the provincial level. According to the 2019 census, Ho Chi Minh City has a population of over 8.9 million within the city proper and over 21 million within its metropolitan area . The city's population

2340-565: The two predominant religions in Ho Chi Minh City. The largest is Buddhism as it has 1,164,930 followers followed by Catholicism with 745,283 followers, Caodaism with 31,633 followers, Protestantism with 27,016 followers, Islam with 6,580 followers, Hòa Hảo with 4,894 followers, Tịnh độ cư sĩ Phật hội Việt Nam with 1,387 followers, Hinduism with 395 followers, Đạo Tứ ấn hiếu nghĩa with 298 followers, Minh Sư Đạo with 283 followers, Baháʼí Faith with 192 followers, Bửu Sơn Kỳ Hương with 89 followers, Minh Lý Đạo with 67 followers, and

2392-603: Was "a black-market city in the largest sense of the word". On 28 April 1955, the Vietnamese National Army launched an attack against Bình Xuyên military force in the city. The battle lasted until May, killing an estimated 500 people and leaving about 20,000 homeless. Ngô Đình Diệm then later turned on other paramilitary groups in Saigon, including the Hòa Hảo Buddhist reform movement. On 11 June 1963, Buddhist monk Thích Quảng Đức burned himself in

2444-499: Was announced that District 2 , District 9 and Thủ Đức District would be consolidated and was approved by Standing Committee of the National Assembly . The Ho Chi Minh City People's Committee is a 13-member executive branch of the city. The current chairman is Phan Văn Mãi . There are several vice chairmen and chairwomen on the committee with responsibility over various city departments. The legislative branch of

2496-484: Was built in 1836. In 1859, the citadel was destroyed by the French following the Battle of Kỳ Hòa . Initially called Gia Định, the Vietnamese city became Saigon in the 18th century. Ceded to France by the 1862 Treaty of Saigon , the city was planned by the French to transform into a large town for colonization. During the late 19th and early 20th centuries, construction of various French-style buildings began, including

2548-430: Was first proclaimed in 1945, and later adopted in 1976. It is abbreviated as TP.HCM, and translated in English as Ho Chi Minh City , abbreviated as HCMC, and in French as Hô-Chi-Minh-Ville (the circumflex is sometimes omitted), abbreviated as HCMV. The name commemorates Ho Chi Minh , the first leader of North Vietnam . This name, though not his given name, was one he favored throughout his later years. It combines

2600-578: Was granted a license by the State Bank of Vietnam to establish Phương Đông Securities Company (OCB Securities). On August 26, 2009 OCB agreed to increase steadily share ownership for BNP Paribas from 10% to 15% and to 20% after the approval of the State Bank of Vietnam and the Government . In December 2017, BNP Paribas has sold all 74.7 million shares in OCB and is no longer a shareholder. In 2018, OCB

2652-494: Was ranked the 111th-most expensive major city in the world according to a 2020 survey of 209 cities. In terms of international connectedness, as of 2020, the city was classified as a "Beta" city by the Globalization and World Cities Research Network . The city is located in the south-eastern region of Vietnam, 1,760 km (1,090 mi) south of Hanoi . The average elevation is 5 m (16 ft) above sea level for

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2704-632: Was recognized by the State Bank of Vietnam for successfully completing the implementation of Basel II. Basel II is an international set of standards for bank risk management. In January 2020, Aozora Bank of Japan purchased a 15% stake in OCB. In 2021, OCB was officially listed on the Ho Chi Minh City Stock Exchange (HOSE). Ho Chi Minh City Ho Chi Minh City ( HCMC ; Vietnamese : Thành phố Hồ Chí Minh ), better known as Saigon ( Vietnamese : Sài Gòn ),

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