VOV.VN - The flow of remittances into Ho Chi Minh City reached US$6.1 billion in 2020, representing a sharp increase of 12% compared to the same period from last year, according to Nguyen Hoang Minh, deputy director of State Bank Ho Chi Minh City Branch.

Remittances to Ho Chi Minh City still rose by 12% year-on-year to US$6.1 billion in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.

Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.

VOV.VN - Overseas remittances to Ho Chi Minh City remain stable despite the COVID-19 epidemic, with the overall amount anticipated to reach approximately US$5.5 billion this year.

VOV.VN - Overseas remittances to Vietnam are projected to fall slightly from US$17 billion last year to more than US$15.6 billion this year, reported the World Bank.

VOV.VN - Remittances sent to Ho Chi Minh City by overseas Vietnamese are anticipated to reach a figure of approximately US$5.5 billion, representing a year-on-year rise of 8%, according to figures released by the State Bank of Vietnam’s city branch.

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.