There are several reasons why many businesses in Vietnam are incorporated in Ho Chi Minh City (HCMC):
Location: HCMC is Vietnam's largest city and the economic hub of the country. It is home to a large and diverse business community, making it an attractive location for businesses looking to tap into the local market.
Infrastructure: HCMC has a well-developed infrastructure, including an international airport, seaport, and modern roads and highways. This makes it an attractive location for businesses looking to import and export goods.
Talent: HCMC is home to many universities and technical schools, providing a large pool of skilled labor for businesses to tap into.
Government support: The government of HCMC has implemented policies and initiatives to encourage investment and support the growth of the local business community.
Overall, HCMC's location, infrastructure, talent, and government support make it an attractive location for businesses looking to incorporate in Vietnam.