• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

HCMC: Overseas remittances hit US$ 3.8 bln

VGP – Ho Chi Minh City absorbed US$ 3.8 billion of overseas remittances in the first nine months, representing a year-on-year growth of 7%.

October 10, 2019 2:43 PM GMT+7

Illustration photo

Chairman of the Overseas Vietnamese Committee in HCMC Phung Cong Dung said that the overseas business community and local business circle have made practical contributions to the development of HCMC. 

Overseas businessmen not only contributed overseas remittances but also served as an information network for domestic enterprises to boost outward investment activities. 

In the January-September period, the amount of remittances was estimated at US$ 3.8 billion, representing a year-on-year growth of 7%. The city is expected to receive about US$ 5 billion in 2019. 

The remittances inflows chiefly focused on business and production instead of real estate, stocks, or savings. 

Earlier, the World Bank said that the amount of remittances inflows has increased constantly, making Viet Nam enter the Top 10 remittances recipient countries. Last year, the country received US$ 16 billion of remittances./.  

By Khanh Phuong