[3][4] The Saigon Port Corporation's officials claimed at the end of 2008 that they no longer had the means to support the football squad.

Due to the fact that they only had one primary sponsor, the Vietnam Steel Company, the club's leadership decided to alter the team's name in order to operate on a professional model.

Because of their devotion to the heritage connected with the name Saigon Port, the club's supporters have expressed disappointment and resistance to the decision to alter the name.

With the ambition to return to top fight, Ho Chi Minh City received big investments and successfully gained a promotion to the V.League 1 after winning the 2016 V.League 2.

As of 1 January 2025[10] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.