Society

Overseas remittances to HCM City hit 10-year high

Overseas remittances to Ho Chi Minh City in 2023 reached over 9.46 billion USD, marking a year-on-year increase of 43.3% and a record high in the last ten years, Deputy Director of the State Bank of Vietnam (SBV)'s Ho Chi Minh City branch Nguyen Duc Lenh said on January 23.
Overseas remittances to HCM City hit 10-year high ảnh 1Overseas remittances to Ho Chi Minh City in 2023 reached over 9.46 billion USD. (Photo: VNA)

HCM City (VNA) – Overseas remittances to Ho Chi MinhCity in 2023 reached over 9.46 billion USD, marking a year-on-year increase of43.3% and a record high in the last ten years, Deputy Director of the StateBank of Vietnam (SBV)'s Ho Chi Minh City branch Nguyen Duc Lenh said onJanuary 23.

By region, remittances from Asia accounted forthe highest proportion with 50.5% while the amount of remittances transferredfrom Africa and America decreased.

Meanwhile, remittances from Americas accounted for ahigh proportion of 29.1%, just behind the Asian region, but the value ofremittances decreased by 10.2%. The post-pandemic recovery of labour, service, and tourism markets in Asian countries, along with a stableeconomic and political environment are factors that have positive impacts onremittances transferred from the region in 2023 and in the coming time, Lenhsaid.

He said the flow of remittances to the city is associated with thegrowing trend of working abroad.

In addition, Vietnam’s macro economy is stable, favourableinvestment and business environment, the Government and the State Bank’s policymechanisms on remittance attraction plus cultural, tourism, and sportsactivities drove the growth of remittance resources in recent times.

Moreover, the development of remittance payment networks andservices of commercial banks and businesses helped attract remittances to thecountry in general and the city in particular in 2023, according to Lenh./.

VNA
#VietnamPlus #Vietnam News Agency #Ho Chi Minh City #remittance #post-pandemic recovery Ho Chi Minh City
Follow VietnamPlus

Related News

HCM City seeks ways to attract more remittances

HCM City seeks ways to attract more remittances

The southern largest economic hub of Ho Chi Minh City is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period and maintains this rate in 2025-2030.
Overseas remittances to HCM City up 35% in 2023

Overseas remittances to HCM City up 35% in 2023

The flow of overseas remittances to Ho Chi Minh City is estimated to reach about 8.92 billion USD in 2023, up 35% year on year, said Deputy Director of the State Bank of Vietnam (SBV)’s Branch in HCM City Nguyen Duc Lenh.
Solutions to be rolled out to promote resources from OVs: Official

Solutions to be rolled out to promote resources from OVs: Official

Overseas Vietnamese (OV) affairs in 2024 will focus on two orientations of strengthening the great solidarity of the Vietnamese community abroad and promoting resources from the community, which will be implemented with seven major solutions, stated Vice Chairman of the State Committee for Overseas Vietnamese Affairs Nguyen Manh Dong at a press conference in Hanoi on January 11.

See more

Deputy Prime Minister Le Tien Chau addresses the meeting (Photo: VNA)

Deputy PM asks for highest education quality, safety for students

Regarding the construction of inter-level boarding schools in border communes, all 108 schools under Phase 1 opened for the 2026-2027 academic year, with 40 having completed all construction items. Procedures for groundbreaking at 121 schools under Phase 2 across 17 provinces and cities have been completed, with all projects targeted for completion before August 30, 2027.

Hanoi leaders attend the inauguration and groundbreaking ceremonies for projects. (Photo: VNA)

Hanoi launches 18 key projects worth nearly 4.94 billion USD

The city announced 292 projects with a combined investment of 384.886 trillion VND (14.92 billion USD), including 18 key projects worth 127.46 trillion VND, focusing on transport, infrastructure, environmental protection and public services.

With just a smartphone, a wealth of knowledge spanning tens of thousands of books can now be accessed in an instant. (Photo: Thanh Nien Newspaper)

Vietnam’s first shared digital library platform launched

Vietnam Digital Library Joint Stock Company (ViLiB) launched its “Digital Knowledge Space – Shared Digital Library” platform in Ho Chi Minh City on October 8, enabling libraries, schools and organisations to connect and share digital resources, thereby broadening access to books and knowledge.

Prime Minister Le Minh Hung are welcomed by staff of the Vietnamese Embassy, representatives of Vietnamese agencies and associations, and members of the Vietnamese community in Laos on October 9, 2026. (Photo: VNA)

Vietnam–Laos special ties nurtured by the people: PM Le Minh Hung

Prime Minister Le Minh Hung urged Vietnamese people in Laos to maintain solidarity, integrate proactively, respect Lao laws and educate younger generations about their national roots and the special Vietnam–Laos relationship. Calling Laos a country undergoing dynamic transformation with emerging opportunities

A cultural, sports, and tourism exchange of the Vietnam-Laos border areas in 2022. (Photo: VNA)

Vietnam, Laos enhance legal awareness among border village leaders

The conference aimed to help officials, specialised forces and village leaders gain a better understanding of border-related policies and laws, thereby enhancing their sense of responsibility for managing and protecting the border line and markers, maintaining public order and promoting economic development in border areas.

The international workshop on empowering women in the care economy on October 8, 2026 (Photo: VNA)

Int’l workshop focuses on women’s empowerment in the care economy

Vietnam has built a relatively comprehensive legal and policy framework to underpin the sector, including the Labour Code, the Law on Gender Equality, the Law on Social Insurance, the Law on Population and the National Strategy on Gender Equality for 2021-2030. Together, they set goals and measures to narrow gender gaps and give women and men equal opportunities to benefit across a range of areas.

A sea turtle nest found at Mui Tau Beach on Hon Cau Island after a night of rain. (Photo: VNA)

Sea turtle nests on Lam Dong's Hon Cau island for sixth time this year

Since the beginning of 2026, sea turtles have nested six times at three beaches on Hon Cau island, namely Nhat, Mui Tau and Ba Hon. Three nests were left undisturbed at safe locations, while another three were relocated to the incubation area for protection, involving a total of 246 eggs.

The “Colours of the Five Continents” street festival tales place at the Hoan Kiem Lake pedestrian zone, attracting large crowds of locals and international visitors (Photo: VNA)

Vietnam tourism gains appeal from safety, diverse experiences

According to international reports referenced by the WEF, Vietnam has a high level of safety awareness, a low crime rate and a terrorism impact score of zero. These factors helped place the country’s Safety and Security indicator among the world’s highest in the TTDI 2026 rankings.

At Phong Nha communal Public Administration Service Centre in Quang Tri province (Photo: VNA)

Administrative reform shifts focus to practical results

Agencies largely kept the receipt, processing and return of administrative results running continuously, openly and transparently, with citizens and firms at the centre of public service delivery. They also kept upgrading, linking and using the databases serving administrative processing, carried out tasks under the 100-day Action Plan for the Politburo's Resolution 57-NQ/TW, and rolled out new initiatives and models to lift service quality.