The flow of overseas remittances to Ho Chi Minh City reached 5.1 billion USD in the first nine months of 2021, up 22 percent year on year, the State Bank of Vietnam’s Branch in the city has reported.

Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now.

Immigrants have sent roughly US$75 billion in remittances to the country in the past five years.

Remittances to Vietnam are set to fall for the first time since 2009 to $15.7 billion this year over Covid-19 impacts.

Remittances flows into Ho Chi Minh City reached 4 billion USD in the first nine months of 2020 despite impacts of COVID-19 pandemic, representing a rise of 2 percent over the same period last year, according to a municipal official.

The Covid-19 pandemic is badly damaging developing countries' economies in a number of ways.

The amount of overseas remittances, or ‘kieu hoi’ as called by Vietnamese, continues to increase, which shows that people see great business opportunities in the country.

With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances.

As global remittances hit record highs, a new report by UniTeller of low-income adults in Vietnam reveals the value of monthly remittances from family and friends working abroad now averages ten times of the monthly incomes of recipients.

VietNamNet Bridge – Viet Nam this year would remain among the top 15 recipients with remittances of roughly US$12.5 billion from Vietnamese living overseas, a World Bank (WB) report says.  

 Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.

Vietnam to export more fruits; First Lexus dealership in Hanoi makes debut; Vinatex prepares material sources for subsidiaries; Remittances to HCM City top US$5 billion; Vietnam needs US$30 billion for green growth

 VietNamNet Bridge – Vietnamese living abroad remitted over US$5 billion to HCM City last year, 4.2 per cent higher than in 2013, according to figures released at a meeting held by the city's Committee for Overseas Vietnamese yesterday, Jan 21.

 Infrastructure projects awaiting new Japanese ODA; CPI for August to inch up 0.2%; FDI tourism zone licenses revoked; HCM City remittances reach US$2.4 billion ahead of peak season; Auto imports hit three-year highs

 Vietnam in global top 10 for foreign remittances; Vietnam wins rice export contract to Philippines; Switzerland backs Vietnam business reforms; Dung Quat Oil Refinery sets new safety record

 VietNamNet Bridge – Viet Nam remains one of the world's top 10 remittance-receiving countries, with remittances from overseas Vietnamese this year estimated at US$10.6 billion, up 6.5 per cent compared with last year,