Overseas remittances to HCM city reach USD5.2 billion
Tuesday, 28/11/2017 16:34 (GMT+7)
The amount of overseas remittance flows into Ho Chi Minh city reached USD3.9 billion in the first 11 months of the year and the figure is forecast to rise sharply in the rest of the year, said Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam in the city.
Photo for illustration
According to Mr Minh, the amount would likely reach USD5.2 billion, up 6% over a year earlier.
The economic situation in countries with remittances to Vietnam is quite positive. The US sent the most remittances to the country, accounting for more than 60%; followed by the EU (19%) and other continents (20%).
In fact, the remittances still mainly flow into business activities (72%), real estate (22%) and the rest are for supporting relatives./.
BTA