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The Hoa people in Ho Chi Minh City number about 500,000. They live mainly in Cho Lon (District 5, District 6, District 10 and District 11), which is seen as a local Chinatown. As of 2010, the Hoa people population accounted for just 7% of the city's population, but its members owned around 30% of the city's privately held enterprises. Many of these enterprises are successful companies such as Binh Tien, Thai Tuan and Kinh Do.
Before the Fall of Saigon, Chinese Businessmen played a very important role in the economic and political life of the Republic of Vietnam, as they maintained excellent relationships with the government. After the Vietnam war, especially after the Sino-Vietnamese War in 1979, many Chinese returned to China, fled to other parts of Southeast Asia, or emigrated to the United States and Canada, along with other Western countries .