HCM City aims for US$3.4 billion overseas remittances
(VOV) - Overseas remittances to Ho Chi Minh City are expected to hit US$3.4 billion by the end of this year, higher than last year’s figure.
Nguyen Hoang Minh, Deputy Director of HCM City-based State Bank of Vietnam branch, said that most overseas remittances were channeled through credit organizations.
This year’s gain came from major labour markets, including Taiwan, Japan, and the Republic of Korea.
In addition, the real estate and stock exchange also contributed greatly to the increasing amount of overseas remittances, especially for the development of restaurant and hotel services.