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Remittances to HCM City total 3.45 billion USD in eight months

Remittances to HCM City total 3.45 billion USD in eight months

Ho Chi Minh City received about 3.45 billion USD in remittances sent back home by overseas Vietnamese in the first eight months of 2019, a year-on-year increase of 8 percent, according to the State Bank of Vietnam (SBV)’s HCM City Branch.

Minh secures ParaGames’ gold hattrick

Minh secures ParaGames’ gold hattrick

Nguyen Hoang Minh completed a hat-trick at the ASEAN Para Games after winning his third gold medal in the men’s T12/13 1,500m on September 20 in Kuala Lumpur, Malaysia.

Overseas remittances to HCM City reach US$3 billion

Overseas remittances to HCM City reach US$3 billion

Overseas remittances to Ho Chi Minh City through official channels in the first eight months of 2017 were estimated at US$3 billion, a year-on-year increase of 5%, sourced mostly from the US and Europe.

HCM City seeks to mobilise capital from private sector

HCM City seeks to mobilise capital from private sector

With public funding only able to meet a fifth of the VND1.8 quadrillion (US$80 billion) required for development works in HCM City’s in 2016 – 20, municipal authorities are striving to involve the private sector.

HCM City overseas remittance on the rise

HCM City overseas remittance on the rise

Vietnamese expatriates living abroad will remit roughly US$2.5 billion to HCM City in 2016’s final quarter, deputy director of the State Bank of Vietnam’s HCM City branch Nguyen Hoang Minh estimates.

Remittances pour into Vietnam as Lunar New Year nears

Remittances pour into Vietnam as Lunar New Year nears

Vietnam’s inbound remittance has been rapidly increasing since the beginning of this week and is expected to rocket next week, when the current lunar year reaches its final days and Vietnamese are ready to celebrate Tet (Lunar New Year).

US$1 billion remittances go to real estates in HCM City

US$1 billion remittances go to real estates in HCM City

(VOV) - Overseas Vietnamese (OVs) remittances to HCM City hit US$4.76 billion in the first 11 months of this year, said Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV), HCM City branch.

Remittances won't be reduced

Remittances won't be reduced

The central bank's recent dollar deposit reduction would not have a negative effect on Vietnamese remittances from overseas because an insignificant amount of the remittances went into savings.