Remittances to HCMC total US$6.6 billion last year

VNA
Remittances to Ho Chi Minh City reached around US$6.6 billion in 2021, up 9 percent from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCMC.
Remittances to HCMC total US$6.6 billion last year ảnh 1
The money flow has not only supported the city’s economic development but also contributed to stabilising the supply of foreign currency in the city and Vietnam in general.
Data from the State Bank of Vietnam shows that remittances to Vietnam surged about 10 percent last year to total $12.5 billion, 70 percent of which was sent via credit institutions, 28 percent through remittance services providers and 2 percent through postal services.

VNA

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