Remittances to Ho Chi Minh City hit USD1.4 billion in four months

Vietnamese living abroad remitted around USD1.4 billion to HCM City in the first four months this year, 19.6% higher than last year’s same period.
May 21, 2015 | 00:59

Vietnamese living abroad remitted around USD1.4 billion to HCM City in the first four months this year, 19.6% higher than last year’s same period.

Remittances to Ho Chi Minh City hit USD1.4 billion in four months

Deputy Director of the State Bank of Vietnam's, HCMC branch, Nguyen Hoang Minh attributed the increase to the peak remittance season falling in mid-February. As usual, the Lunar New Year - the peak remittance season – is often in the fourth quarter of the previous year.

Foreign remittances sending to HCM City in recent years saw a growth of 8-10% annually. Minh forecast that this year they are likely to hit around USD5.3 billion – USD5.5 billion.

According to the Central Institute for Economic Management (CIEM), foreign remittances to Vietnam rose constantly over the last 4 years, from USD9 billion in 2011 to USD10 billion in 2012, USD11 billion in 2013 and USD12 billion in 2014./.

VNF/VOV

Chia sẻ
 Email

Recommended

First Vietnam Day Held in Tyumen Overseas Vietnamese

First Vietnam Day Held in Tyumen

The Consulate General of Vietnam in Ekaterinburg has recently collaborated with the city government of Tyumen (Russian Federation) to organize the first “Vietnam Day in Tyumen”.
March 28, 2025 | 16:13
Observing Day To Honoring Vietnamese Language Aboard in NYC Overseas Vietnamese

Observing Day To Honoring Vietnamese Language Aboard in NYC

A free Vietnamese language class has been launched for children from the Vietnamese community in New York and neighboring areas. They will be instructed by teachers from Columbia University (US).
March 25, 2025 | 10:11
Vietnamese Embassy in Pakistan Organizes Charity Activitiy during Ramadan Overseas Vietnamese

Vietnamese Embassy in Pakistan Organizes Charity Activitiy during Ramadan

Vietnamese Embassy in Pakistan distributes iftar meals to the needy on the occasion of Ramadan – the holy month of Muslims.
March 25, 2025 | 09:50
Artisan Introduces Vietnamese Tea Culture in Canada Overseas Vietnamese

Artisan Introduces Vietnamese Tea Culture in Canada

The fertility of Vietnam's land creates a diversity of tea-growing regions, from the mountains to the plains, offering a wealth of varieties from color to flavor.
March 18, 2025 | 09:49

Popular articles

Vietnamese in Champasak (Laos): Preserving Culture, Strengthening Bonds Overseas Vietnamese

Vietnamese in Champasak (Laos): Preserving Culture, Strengthening Bonds

On March 10, Vietnamese Ambassador to Laos Nguyen Minh Tam, accompanied by a working delegation, visited and held discussions with the Vietnamese Association of Champasak Province. The visit aimed to assess the local Vietnamese community’s situation, review Vietnamese language education efforts, listen to the concerns and aspirations of expatriates.
March 13, 2025 | 19:04
100 Overseas Vietnamese Students in Laos Receive Vu A Dinh Scholarships Overseas Vietnamese

100 Overseas Vietnamese Students in Laos Receive Vu A Dinh Scholarships

In Vientiane, the capital of Laos, the Vu A Dinh Scholarship Fund and the "For Beloved Hoang Sa - Truong Sa" Club, in coordination with the Embassy of Vietnam in Laos, awarded 100 scholarships (each worth 50 USD) to children of the Vietnamese community in Laos on March 6.
March 08, 2025 | 12:32
Vietnam Young Entrepreneurs Association in Europe Debuts Overseas Vietnamese

Vietnam Young Entrepreneurs Association in Europe Debuts

Young Vietnamese Entrepreneurs Association in Europe debuts with the aspiration to unite strength of Vietnamese business communities across the continent.
March 03, 2025 | 12:18
Vietnamese Students Connect with Employers at Seoul Job Fair Overseas Vietnamese

Vietnamese Students Connect with Employers at Seoul Job Fair

On February 23, the Vietnamese Student Association in Korea (VSAK) organized the event "Job Fair 2025" at Seoul Cyber University (SCU), under the auspices of the Vietnamese Embassy to the Republic of Korea.
February 27, 2025 | 11:18
Read more