Breaking records on its own, Ho Chi Minh City boasted a remarkable annual surge of 43% in remittances, reaching an impressive 9.5 billion USD – a figure that also marked a 10-year high.
Over the past five years, Ho Chi Minh City has demonstrated its dominance in attracting overseas remittances, claiming 44% of the country’s total in 2018 and steadily increasing to an impressive 55% in 2022.
A report from the State Committee for Overseas Vietnamese Affairs revealed that Vietnam has garnered over 190 billion USD in remittances over the past three decades, nearly matching the total FDI disbursed during the same period.
Among the countries contributing to this influx, the US took the lead, followed by the UK, Australia, and Canada. Meanwhile, Japan, the Republic of Korea, and Taiwan (China) played pivotal roles as major labour markets./.
