HCM City remittances worth 2.1 billion USD in H1 (Source: VNA) Nguyen Hoang Minh, deputy head of thebranch, said late last year, following the US presidential election,remittances from overseas Vietnamese had reduced a bit.
It has increased significantly in recentmonths, he said.
Asked if the recent hike in interest rateby the US Federal Reserve would affect remittances to Vietnam, he said theimpact would be minimal since the hike had been forecast.
Specialised agencies keep a close eye onthe market and advise the central bank on managing the foreign exchange rate,he said.
After the US hiked interest rates for asecond time this year, the central bank instructed banks not to hike interestrate on dong deposits and meet the businesses’ and individuals’ legitimate needfor foreign exchange.-VNA
VNA
