Duc Lenh News Today

Overseas Vietnamese on their journey to Truong Sa. (Photo: VNA) Vietnamese living abroad are a valuable and highly potential resource that can make significant contributions to the country's development. Officers and soldiers on Truong Sa welcome overseas Vietnamese visiting the island district and the DK1 Platform in 2023. (Photo: VNA) 47 overseas Vietnamese people from…

Money sent from Asian countries made up 50.5% of the total overseas remittances to Ho Chi Minh City last year, Vietnam’s largest economic hub, a massive 143.8% spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city.

The period leading up to the Lunar New Year is the busiest time for remittances transactions, as overseas Vietnamese send money to their families.

A moderate exchange rate movement is forecast for this year.

Australia, South Korea, and Cambodia are facing the same fate

Ho Chi Minh City tallied 6.687 billion USD in overseas remittances during the first nine months of 2023, up 40% year on year and 1.3% over all of 2022, according to the local branch of the State Bank of Vietnam (SBV).

Ho Chi Minh City tallied USD 6.687 billion in overseas remittances during the first nine months of 2023, up 40% year on year and 1.3% over all of 2022, according to the local branch of the State Bank of Vietnam (SBV).

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, reported Vietnam News Agency according to the State Bank of Vietnam’s (SBV) HCM City branch.

Remittances to Ho Chi Minh in the first half of 2023 topped 4.33 billion USD, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s (SBV) HCM City branch reported.

HCM City received more than 2.1 billion USD in remittances in the first quarter of the year, a surge of 19% year-on-year, according to the State Bank of Vietnam.