Vietnamese citizens living abroad have invested in more than 900 businesses in HCM City with a registered capital of VND40 trillion (US$1.8 billion), according to HCM City’s Department of Planning and Investment.
The State Bank of Viet Nam has approved plans by two additional commercial banks, OCB and Bac A Bank, to set up subsidiaries specialising in providing overseas remittance services.
Vietnamese expatriates living abroad will remit roughly US$2.5 billion
to HCM City in 2016''s final quarter, deputy director of the State Bank
of Viet Nam''s HCM City branch Nguyen Hoang Minh estimates.