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Remittances to Ho Chi Minh in the first half of 2023 topped 4.3 billion USD, an increase of 37% compared to the same period last year.

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s (SBV) HCM City branch reported.

Remittances to Ho Chi Minh City are expected to reach 7 billion USD this year, an annual increase of about 6-7%.

Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7%.

Ho Chi Minh City received some 6.8 billion USD in remittances last year, only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.

Remittances to Ho Chi Minh City totalled 3.16 billion USD in the first half of 2022, down 13% from the same period last year, according to the State Bank of Vietnam (SBV) branch in the southern city.

Remittances to Ho Chi Minh City in the first quarter of this year reached nearly 1.8 billion USD, according to the State Bank of Vietnam’s branch in the city.

Remittances to Ho Chi Minh City reached around 6.6 billion USD in 2021, up 9 percent from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCM City.

The flow of overseas remittances to Ho Chi Minh City reached 5.1 billion USD in the first nine months of 2021, up 22 percent year on year, the State Bank of Vietnam’s Branch in the city has reported.

Remittances to HCM City topped 3.2 billion USD in the first half of the year, a 22.34 per cent increase year-on-year.

Oversea remittances to Ho Chi Minh City were worth 3.2 billion USD in the first six months of this year, despite the COVID-19 pandemic roiling on many economies around the world.

Remittances to Ho Chi Minh City hit 2 billion USD during January-April, up 11 percent against the same period last year.

Ho Chi Minh City will hold a ceremony on April 20 to honour 33 outstanding collectives and 17 individuals of the Vietnamese community abroad, according to the city’s Committee for Overseas Vietnamese.

Overseas remittances to Ho Chi Minh City rose 10 percent year-on-year to 1.45 billion USD in the first quarter of 2021, according to the municipal Committee for Overseas Vietnamese Affairs.

Remittances to Ho Chi Minh City still rose by 12 percent year-on-year to 6.1 billion USD in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.

Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh.

Ho Chi Minh City received about 3.45 billion USD in remittances sent back home by overseas Vietnamese in the first eight months of 2019, a year-on-year increase of 8 percent, according to the State Bank of Vietnam (SBV)’s HCM City Branch.

Remittances to Ho Chi Minh City were estimated to reach 1.2 billion USD in the first quarter of this year, said Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam’s branch in the southern largest economic hub.

Remittance inflows to the southern largest economic hub of Ho Chi Minh City in the first six months of 2018 was estimated to reach 2.45 billion USD, up nearly 20 percent from the same period last year, Sai Gon Giai phong reported.