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Remittances

HCM City seeks to unlock investment potential of remittances by overseas Vietnamese

HCM City seeks to unlock investment potential of remittances by overseas Vietnamese

HCM City plans to  funds for overseas Vietnamese seeking to invest in real estate and small and medium-sized enterprises, and buy bonds for funding infrastructure.
Remittances to HCM City jump 20% to reach 5.2b in H1

Remittances to HCM City jump 20% to reach $5.2b in H1

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.
HCM City seeks to draw remittances in infrastructure

HCM City seeks to draw remittances in infrastructure

Remittances to HCM City reached US$9.46 billion in 2023, nearly three times higher than foreign direct investment (FDI),
Overseas remittances to HCM City record highest increase in three years

Overseas remittances to HCM City record highest increase in three years

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.
Asia - biggest source of overseas remittances to HCM City in 2023

Asia - biggest source of overseas remittances to HCM City in 2023

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...
2023 remittances to HCM City highest in a decade

2023 remittances to HCM City highest in a decade

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,...
HCM City sets record for remittances in first nine months of 2023

HCM City sets record for remittances in first nine months of 2023

Remittances to HCM City have surged 40 per cent in the first nine months of 2023, reaching a total of US$6.6 billion and marking a new record for the January to September period. 
Remittances to HCM City up 37 per cent in H1, likely to hit 7 billion this year

Remittances to HCM City up 37 per cent in H1, likely to hit $7 billion this year

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 seeks to attract remittances, investment

HCM City seeks to attract remittances, investment

HCM City will improve its business climate and favourable conditions to attract remittances and investment, said a city official.
Remittances to HCM City to top 7 billion in 2023

Remittances to HCM City to top $7 billion in 2023

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 receives 2.1b in remittances in Q1, up 20 per cent

HCM City receives $2.1b in remittances in Q1, up 20 per cent

HCM City received more than US$2.1 billion in remittances in the first quarter of the year, a surge of 19 per cent year-on-year, according to the State Bank of Viet Nam.
Remittances are forecast to increase by 4.4% in 2022

Remittances are forecast to increase by 4.4% in 2022

Viet Nam may be increase by 4.4 per cent in 2022 and 3.6-4.5 per cent the following year, according to organisations.
HCM City receives US6.8 billion of remittances

HCM City receives US$6.8 billion of remittances

The amount of remittances flowing to HCM City has continued to increase despite complicated economic changes in the world, reaching about US$6.8 billion this year.
HCM City sees remittances plummet 13 per cent

HCM City sees remittances plummet 13 per cent

Overseas remittances to HCM City in the first six months fell by a huge 13 per cent to US$3.16 billion.
Remittances to HCM City reach record 7b in 2021

Remittances to HCM City reach record $7b in 2021

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.