Ho Chi Minh City continues to lead Vietnam in attracting remittances, accounting for roughly 60 per cent of national inflows. (illustrative image)
The city continues to lead the country in attracting remittances, accounting for roughly 60 per cent of national inflows.
The growth reflects the stability of Ho Chi Minh City’s economy and, more broadly, Vietnam’s economic resilience. Stable interest rates and flexible exchange rate policies have boosted confidence among overseas Vietnamese, encouraging funds to be sent both for consumption and for investment in production and business activities.
Remittances typically peak towards the end of the year, coinciding with the New Year and Lunar New Year holidays.
To leverage this resource, Ho Chi Minh City has approved a policy plan titled “Enhancing the efficiency of remittance resources in the city through 2030”, aiming to facilitate overseas Vietnamese participation in investment, production, business, and other key sectors.
The city plans to continue refining policies to maximise contributions from Vietnamese expatriates to priority socio-economic programmes, supporting stable and sustainable development and targeting double-digit growth.
Deputy Director of the State Bank’s Regional Branch 2 Tran Thi Ngoc Lien said the growing trend is expected to continue into 2026.
The city is developing initiatives to mobilise remittance capital for major projects, including the newly established Ho Chi Minh City International Financial Centre, a free trade zone, real estate projects, and other sectors requiring substantial investment, she said.
In 2024, Vietnam attracted approximately USD 16 billion in remittances, including USD 9.6 billion channeled into Ho Chi Minh City. Remittances primarily originated from some Asia countries like Japan, the Republic of Korea, Taiwan, and Singapore, which accounted for the largest share. This was followed by inflows from the Americas and Oceania. Remittances from the Americas saw strong growth, mainly coming from the United States, Canada, and Latin American countries with Vietnamese communities.
