Amid the capital difficulties, overseas remittance is among the important sources for the city’s socio-economic development.
Overseas remittances to HCM City are expected to reach around USD 6.8 billion this year
Last year, HCM City received overseas remittances of roughly USD 6.6 billion despite bad impacts of the Covid-19 pandemic, topping nationwide.
As is typical, the remittances mainly came from the US, Australia, Canada, and the EU.
According to the World Bank and the Global Organisation on Migration and Development, Vietnam was the world’s eighth largest recipient of remittances last year, attracting around USD 12.5 billion.
