Remittances sent home by overseas Filipino workers (OFWs) hit a new high in 2015 with 28.5 billion USD as of the end of December, according to the Central Bank of the Philippines (BSP).
Remittances to the country’s business hub, Ho Chi Minh City, in August increased 14 percent from July, mainly from the US and Europe, according to the State Bank of Vietnam (SBV)’s HCM City branch.
Ho Chi Minh City attracts the largest amount of overseas remittances among all cities and provinces in Vietnam, and it is working on how to optimise this source of capital.
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