This article clarifies the involvement of the Sino-Vietnamese people in Ho Chi Minh City’s economy from 1996 to 2016.Vietnam has accelerated the process of industrialization and modernization since 1996, and Ho Chi Minh City now has a thriving Valves local economy.As with other ethnic groups, the Sino-Vietnamese people have made a considerable contribution to boosting the local economy.Based on the theory of functionalism, culture-economy relationships, and primary anthropological research methods, this article assesses the economic contributions of the Sino-Vietnamese in industry and handicrafts, commerce and services, and finance and credit.
However, there are many obstacles for the Sino-Vietnamese economy.The quality of goods is Coat Care insufficient to meet consumer satisfaction.The harshly competitive market confronts their businesses with numerous challenges.The abandonment of traditional professions by the young Sino-Vietnamese generation poses a threat to traditional businesses, and COVID-19 is a pressing issue for their economy.
This article proposes realistic solutions to encourage the Sino-Vietnamese people to overcome disadvantages and contribute to the economy of Ho Chi Minh City in the future.