Saigon Tourist is a state-owned enterprise head-quartered in Ho Chi Minh City

Ho Chi Minh City

Ho Chi Minh City , formerly named Saigon is the largest city in Vietnam...

, Vietnam

Vietnam

Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...

. It owns and manages hotels, restaurants and runs guided tours in southern Vietnam as well as throughout central Vietnam.

Saigon Tourist owns a large number of hotels in Ho Chi Minh City, including the Caravelle Hotel

Caravelle Hotel

The Caravelle Hotel is located in Ho Chi Minh City, Vietnam. The hotel was opened to the public on Christmas Eve 1959, when the city was known as Saigon...

, Rex Hotel

Rex Hotel

The Rex Hotel is a famous luxury and business hotel in Ho Chi Minh City, Vietnam.The 284 room five story building is located in the District 1, close by to the Saigon Notre-Dame Basilica and the Municipal Theatre...

, Hotel Continental Saigon

Hotel Continental, Ho Chi Minh City

The Hôtel Continental is a hotel in Ho Chi Minh City, Vietnam. It was named after the prestigious Hôtel Continental in Paris, and is located in District 1, the central business district of the city. The hotel is situated by the Saigon Opera House and was built in 1880 by the French...

, Hotel Majestic.
It also owns two hotels in the north (Hanoi

Hanoi

Hanoi , is the capital of Vietnam and the country's second largest city. Its population in 2009 was estimated at 2.6 million for urban districts, 6.5 million for the metropolitan jurisdiction. From 1010 until 1802, it was the most important political centre of Vietnam...

 and Ha Long City) as well as several hotels in cities throughout central Vietnam, including Vinh

Vinh

Vinh is a city in Vietnam. It is located in the northern half of the country, and is the capital of Nghệ An Province. Politically, Vinh is a municipality within Nghệ An Province. On September 5th, 2008, it was upgraded from Grade-II city to Grade-I city, the fourth Grade-I city of Vietnam after...

, Dong Hoi

Dong Hoi

Đồng Hới is the capital city of Quang Binh province, in the north central coast of Vietnam. The city’s area is , population as per the 2009 census: 108,526. Urban area is 55.47 km², urban population was 71,620; Suburban area is 100.24 square kilometers, suburban population was 36,906...

, Hue

Hue

Hue is one of the main properties of a color, defined technically , as "the degree to which a stimulus can be describedas similar to or different from stimuli that are described as red, green, blue, and yellow,"...

, Da Nang

Da Nang

Đà Nẵng , occasionally Danang, is a major port city in the South Central Coast of Vietnam, on the coast of the South China Sea at the mouth of the Han River. It is the commercial and educational center of Central Vietnam; its well-sheltered, easily accessible port and its location on the path of...

, Quy Nhon, Nha Trang

Nha Trang

Nha Trang is a coastal city and capital of Khanh Hoa province, on the South Central Coast of Vietnam. It is bounded on the North by Ninh Hoà district, on the East by the South China Sea, on the South by Cam Ranh town and on the West by Diên Khánh district...

, Phan Rang, Mui Ne

Mui Ne

Mui Ne is a coastal resort town in the Binh Thuan Province of southeastern Vietnam. The town is close to the city of Phan Thiết. Tourism has transformed Mui Ne into a resort destination since 1995, when many visited to view the total solar eclipse of October 24, 1995. Mui Ne has many resorts on...

, and Da Lat.

History

Saigon Tourist was set up just after the end of the Vietnam War

Vietnam War

The Vietnam War was a Cold War-era military conflict that occurred in Vietnam, Laos, and Cambodia from 1 November 1955 to the fall of Saigon on 30 April 1975. This war followed the First Indochina War and was fought between North Vietnam, supported by its communist allies, and the government of...

 to take charge of many of Saigon's hotels and restaurants.
It diversified somewhat in the 1990s, but mainly remained focused on its core businesses in the hotel, tourism, and entertainment sectors, which were growing rapidly. It also developed interests in banking and distribution, becoming the leading shareholder in the joint-stock commercial bank Oricom Bank and the distributor of Ford in Vietnam.
In 1995, Saigon Tourist was the seventeenth largest company by turnover

Turnover

-Business:*Turnover is sometimes a synonym for revenue , especially in European and South African usage.Services sold by a company during a particular period of time....

in Ho Chi Minh City.