HCMC receives $6.8B of remittances

By Dang Khoa   December 18, 2022 | 06:44 am PT
HCMC receives $6.8B of remittances
An employee counts U.S. banknotes among Vietnamese banknotes at a bank in Hanoi. Photo by Reuters/Kham
The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about $6.8 billion so far.

HCMC has been a leading locality in remittance inflows, with about $6.5-6.6 billion in 2021, up 9% year on year despite the Covid-19 pandemic, said the HCMC branch of the State Bank of Vietnam.

In the year, the whole country received about $12.5 billion, according to Vietnam News Agency.

This is an important resource supporting the socio-economic development of the city and the stability of the foreign currency supply in the city and the country.

To prepare for the peak season of receiving remittances at year-end, many local banks have launched various promotion programmes to attract more money.

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