Remittances to HCM City up 13.2% in 8 months

(VOV) - Vietnamese living abroad remitted around US$330 million in August, bringing the total remittances in 8 months this year to US$2.75 billion, 13.2% higher than last year’s same period.

With current move, remittances to HCM City this year are likely to hit US$5.3-5.5 billion, higher than last year’s figure of US$5 billion, said the State Bank of Vietnam (SBV), HCM City branch.

remittances to hcm city up 13.2% in 8 months hinh 0

On August 31, the exchange rate of US dollar and VN Dong at commercial banks rise VND15-30 higher than late last week. The highest rate for US dollar was seen at Eximbank from VND22,480 to VND22,510 per US dollar. Meanwhile, the rate at Vietcombank raised VND15 to VND22,505/USD.

The price of US dollar in the flea market continued to decline to VND22,650/USD, down VND50 compared to previous week.