VOV.VN - Overseas remittances to Vietnam hit about US$16 billion last year, reflecting Vietnamese expatriates’ trust in the country’s situation.

VOV.VN - Overseas remittances to Vietnam were estimated to hit roughly US$16 billion last year, with the amount to Ho Chi Minh City reaching about US$9.6 billion in 2024, up US$140 million compared to the previous year.

VOV.VN - Overseas remittances to Ho Chi Minh City during the first half of the year reached nearly US$5.2 billion, marking an increase of 19.5% on-year, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam (SBV)'s Ho Chi Minh City branch, said on July 18.

A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City on April 23, given that remittances to the city reached US$9.46 billion in 2023, nearly three times higher than foreign direct investment (FDI), according to official statistics.

VOV.VN - Overseas remittances to Ho Chi Minh City, the country’s largest economic and financial hub, rose more than 35% in the first quarter of this year to nearly US$2.87 billion, according to the State Bank of Vietnam Ho Chi Minh City branch.

VOV.VN - Remittances sent by Vietnamese nationals abroad hit approximately US$16 billion last year, representing a year-on-year rise of 32%, according to the State Bank of Vietnam.

Despite a challenging global economic landscape, Vietnam continues to stand resilient as one of the top 10 recipients of overseas remittances worldwide, with an estimated US$14 billion last year, according to the World Bank’s Migration and Development Brief and the Global Knowledge Partnership on Migration and Development (KNOMAD).

The flow of overseas remittances to Ho Chi Minh City is estimated to reach about US$8.92 billion in 2023, up 35% year on year, said Deputy Director of the State Bank of Vietnam (SBV)’s Branch in HCM City Nguyen Duc Lenh.

The Prime Minister recently approved a plan on bringing into play resources of overseas Vietnamese (OVs) to serve national development in the new context.

VOV.VN - Ho Chi Minh City made US$6.687 billion in overseas remittances during the first nine months of the year, an annual rise of 40% and 1.3% more than all of 2022, according to the local branch of the State Bank of Vietnam (SBV).