Remittances to HCM City reach US$2 billion in in Jan-Apr

VGP - Remittances to Ho Chi Minh City were estimated to reach US$2 billion during January-April, up 11% against the same period last year.

May 21, 2021 8:07 PM GMT+7

The total amount this year is expected to be not lower than that of last year, US$6.1 billion.

Deputy director of the State Bank of Viet Nam – HCM City branch Nguyen Hoang Minh said the remittances were mainly channeled to production and business.

The resource is not only provided funding for local production and business but also added to the city’s foreign reserves.

According to the World Bank, Viet Nam is one of the top ten remittance receivers.

Remittances to Viet Nam came from more than 4.5 million overseas Vietnamese together with a large number of workers working abroad.

By Hoang Ha