Business

Remittances to HCM City near 8 bln USD in nine months

Ho Chi Minh City saw 2.737 billion USD in remittances in Q3, down slightly from the prior quarter but up a robust 18% from the same period in 2024.

Remittance inflows to Ho Chi Minh City reached 7.97 billion USD in the first nine months of 2025, up 6.25% year-on-year. (Illustrative photo: Xinhua/VNA)
Remittance inflows to Ho Chi Minh City reached 7.97 billion USD in the first nine months of 2025, up 6.25% year-on-year. (Illustrative photo: Xinhua/VNA)

HCM City (VNA) – Remittance inflows to Ho Chi Minh City have shown resilience amid global economic turbulence, climbing to 7.97 billion USD in the first nine months of 2025, bolstering exchange rate stability and fueling local growth.

The figure, reported by the State Bank of Vietnam’s Region 2 Branch, reflects a 6.25% year-on-year hike.

The third quarter alone saw 2.737 billion USD in remittances, down slightly from the prior quarter but up a robust 18% from the same period in 2024.

By region, Asia led as the primary source, contributing 50.4% of the total. The Americas followed with 30.2%, Europe 9.0%, the Oceania 8.4%, and Africa 2.0%.

Africa stood out with a 150.3% year-on-year surge over the nine months, including a striking 266% jump in the third quarter. Europe rose 16.7%, the Oceania 11.1%, and America 10.3%, while Asia dipped 2.8%.

Tran Thi Ngoc Lien, Deputy Director of the branch, said the fourth quarter is when the real money rolls in, thanks to Christmas, New Year, and Lunar New Year holidays, when Vietnamese expats send extra cash home. The central bank, she noted, projected that the 2025 total remittances will top last year’s number.

In 2024, Ho Chi Minh City absorbed 9.6 billion USD, a hefty chunk of the 16 billion USD sent to Vietnam overall./

VNA
#remittance inflows #State Bank of Vietnam #Ho Chi Minh City #Vietnamese expats Ho Chi Minh City
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