HCM City received nearly US$5.2 billion in remittances in the first half of the year, up 20 per cent year-on-year, according to the State Bank of Vietnam (SBV), HCM City branch.
Overseas remittances to Ho Chi Minh City exceeded $2.86 billion in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Money sent from Asian countries made up 50.5 per cent of the total overseas remittances to HCM City last year, Việt Nam’s largest economic hub, a massive 143.8 per cent spike year-on-year, according to the State Bank of Vietnam (SBV)’s...
Foreign remittances to HCM City topped US$9.46 billion last year, an increase of 43.3 per cent from 2022 and the highest in the last 10 years, deputy director of the State Bank of Việt Nam’s city branch, Nguyễn Đức Lệnh,...
Remittances to HCM City have seen a surge of 37 per cent in the first half of 2023, reaching a total of US$4.33 billion, according to the State Bank of Việt Nam (SBV).
HCM City is likely to receive more than US$7 billion worth of remittances this year, a 7 per cent increase from 2022, according to the State Bank of Viet Nam.
HCM City received a record US$7.1 billion worth of remittances last year, a 16 per cent increase from 2020 and accounting for more than half of the country’s total remittances, according to the State Bank of Viet Nam.