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This figure does not include remittances transferred through credit institutions, meaning the actual amount could be even higher, Lenh added.
He emphasized the importance of implementing effective foreign exchange policies to attract remittances, improve the investment environment, and enhance the quality of remittance payment services.
HCMC typically accounts for over half of Vietnam’s annual remittances. Last year, foreign remittances to the city reached $9.46 billion, 2.7 times the amount that came in the form of foreign direct investment.
