Vietnamplus

Remittances poured into Ho Chi Minh City through official channels are estimated at 3.25 billion USD from January to September, up 4 percent year on year, mostly sourced from the US and Europe.

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.

Remittances to Ho Chi Minh City in the first half of this year rose 3 percent year-on-year to 2.1 billion USD.

Remittances to HCM City in the past four months reached more than 1.3 billion USD, up 211 million USD against the previous month.

Remittances to HCM City in the first quarter of this year is estimated to have reached 1.15 billion USD, up 250 million USD against last month.

Overseas Vietnamese remittances to Ho Chi Minh City in the first nine months of the year hit 3.25 billion USD, according to the HCM City branch of the State Bank of Vietnam (SBV).