The State Bank of Vietnam’s branch in the southern economic hub said the remittances have increased continuously in the last five years, with the highest amount recorded in 2021, at more than 7.1 billion USD.

The figure exceeded 2.1 billion USD in the first quarter this year, up over 19% year-on-year.

Experts said management agencies should forecast the maximum potential of remittances to the city to come up with specific attraction policies.

It is necessary for the metropolis to promote its advantages in the fields of finance, banking, logistics and tourism so that overseas Vietnamese can see that it is a livable city.

Experts recommended HCM City continue capitalising on its leading position as an economic, cultural and educational center of the country, and improving its business climate to attract capital and remittances serving the local production and business development./.