Ho Chi Minh City’s overseas remittances likely to hit $6.8bn this year
The growth rate in remittances falls short of last year’s numbers
Remittances to Vietnam projected to hit a record $18.1bn in 2021: WB, KNOMAD
Ho Chi Minh City remains the country’s largest remittance recipient
Remittances to Ho Chi Minh City hit $3.8mn in Jan-Sep 2019: cbank
Remittances to the southern hub in the period grew by seven percent year on year
70pct inward remittances channeled into production: cbank
Vietnam’s total inward remittance in 2014 was about $12 billion, most of which has been invested in production and business activities, according to the State Bank of Vietnam.
Vietnam cbank stocking foreign currencies after intervening in forex market
The State Bank of Vietnam is buying foreign currencies from the local market to increase the national foreign exchange reserves, a move it stopped for five months
Vietnam received over $80.4 bln inbound remittances in 1991-2013
Experts predict inward remittances will continue to increase over the period 2015-2016, but will decrease slightly from 2017.
Inward remittances expected to rise to $12 bln this year
During the last 3 years, the amount of inward remittances continued to increase from $9 billion in 2011 to $10 billion in 2012 and $11 billion in 2013