HCM City seeks to unlock investment potential of remittances by overseas Vietnamese

Ho Chi Minh City plans to create funds for overseas Vietnamese seeking to invest in real estate and small and medium-sized enterprises, and buy bonds for funding infrastructure.

Remittance to HCM City surges nearly 20%

Overseas remittances to Ho Chi Minh City reached nearly 5.2 billion USD in the first half of 2024, equivalent to 54.7% of last year's figure and up 19.5% year-on-year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam (SBV)'s HCM City branch.

Remittance to HCMC declines by 13% in H1

Remittance to Ho Chi Minh City, Viet Nam' economic locomotive, reached US$3.16 billion in the first six months of 2022, representing a year-on-year decrease of 13%, according to the State Bank of Viet Nam’s branch in the Southern metropolis.
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