HCMC receives $2.9b in remittance in 8 months

HCMC receives $2.9b in remittance in 8 months

发布者:完梦玉 发布时间: 2024-03-18

HCMC receives $2.9b in remittance in 8 months

HCMC receives $2.9b in remittance in 8 months

Remittances to HCM City in the first eight months of this year reached US$ 二. 九 billion. — Photo tuoitre.vn

HCM CITY — Remittances to HCM City in the first eight months of this year rose nearly  六 per cent year-on-year to reach US$ 二. 九 billion.

HCMC receives $2.9b in remittance in 8 months

State Bank of Việt Nam’s HCM City branch Deputy Director Nguyễn Hoàng Minh said remittances rose  一 四 per cent compared with last month, adding that the money was mainly received from the United States and the European Union.

Minh said the remittances were mainly used for production and businesses.

With the rising rate, Minh expected the city would receive $ 五. 七 billion-$ 五. 八 billion in remittances this year, up  五. 六 per cent against last year.

Remittances to HCM City, among the localities receiving the largest volume of remittances nationwide, have increased some  一0 to  一 二 per cent on average in the past five years.

Remittances to the city last year reached $ 五. 五 billion, exceeding the $ 五. 二 billion received in  二0 一 四. More than  七0. 八 per cent of the remittance value flowed into production and businesses, while some  二 一. 六 per cent went into real estate and seven per cent went to relatives. — VNS