Ho Chi Minh city: Remittances reach USD2.5 billion in the first 7months

Overseas remittances to Ho Chi Minh city in the first seven months of 2017 reached USD 2.5 billion, representing an increase of 4.16% over the same period in 2015, said Mr. Nguyen Hoang Minh, Deputy Director of The State Bank of Vietnam.
August 05, 2016 | 09:49

Overseas remittances to Ho Chi Minh city in the first seven months of 2017 reached USD2.5 billion, representing an increase of 4.16% over the same period in 2015, said Mr. Nguyen Hoang Minh, Deputy Director of The State Bank of Vietnam.

Ho Chi Minh city: Remittances reach USD2.5 billion in the first 7months

According to Mr. Minh, remittances to Ho Chi Minh city are mainly from the US and Europe. This capital made a significant shift toward the manufacturing and production sectors, instead of real estate, securities and deposits.

He also said that with stable exchange rate, remittances are forecast to reach around USD5.7 – 5.8 billion this year. In 2015, USD5.5 billion was transferred to the city. For Ho Chi Minh city only, remittances have grown at an average annual rate of 10%-12%.

The interest rate of foreign currencies is now lower than domestic currency, so there is a new trend of moving from foreign currencies to Vietnamese dong. This reality also eases the pain for USD/VND interest rate while the USD continues to strengthen./.

Ha Thuong

Chia sẻ
 Email

Recommended

Party Chief Meets with Representatives of Vietnamese Community, Agencies in US Overseas Vietnamese

Party Chief Meets with Representatives of Vietnamese Community, Agencies in US

The Party chief noted that the Vietnamese community in the US is increasingly integrating deeply, always looking towards the homeland with a desire to make practical contributions to the cause of national construction and defence.
February 20, 2026 | 15:10
Vietnamese Communities in Russia, the United States, Canada, and Poland Celebrate the Lunar New Year of Binh Ngo 2026 Overseas Vietnamese

Vietnamese Communities in Russia, the United States, Canada, and Poland Celebrate the Lunar New Year of Binh Ngo 2026

The Vietnamese communities in Russia, the United States, Canada, and Poland have organized a wide range of activities to celebrate the Lunar New Year of Binh Ngo 2026, imbued with strong national cultural identity, strengthening intergenerational bonds and promoting Vietnam’s image to international friends.
February 18, 2026 | 14:56
Vietnamese Expatriates in Thailand, Germany, and Russia celebrate Tet with Deep Affection Toward Homeland Overseas Vietnamese

Vietnamese Expatriates in Thailand, Germany, and Russia celebrate Tet with Deep Affection Toward Homeland

On the Lunar New Year 2026 (Year of the Horse), Vietnamese representative offices in Thailand, the Russian Federation, and the Federal Republic of Germany organized solemn and heartwarming Tet celebrations, attracting a large number of overseas Vietnamese to participate.
February 16, 2026 | 16:05
Introducing the “Fun Learning Vietnamese” Book Series for Overseas Vietnamese Overseas Vietnamese

Introducing the “Fun Learning Vietnamese” Book Series for Overseas Vietnamese

On February 9 in Hanoi, the Global Network for Teaching Vietnamese Language and Culture organized the program “Introduction to the Fun Learning Vietnamese Book Series & Early Spring Gathering 2026.”
February 12, 2026 | 09:52

Popular articles

Vietnamese Community in Australia Wraps Banh Chung to Welcome Tet Overseas Vietnamese

Vietnamese Community in Australia Wraps Banh Chung to Welcome Tet

Every Lunar New Year, members of the social and charitable group “New Sunlight for Children” in Sydney, Australia, come together to wrap banh chung - a tradition they have maintained consistently for many years to preserve national cultural identity while strengthening connections within the Vietnamese community far from home.
February 09, 2026 | 14:34
Gala Yeu Tet 2026 Connects Overseas Vietnamese Children from Many Countries Overseas Vietnamese

Gala Yeu Tet 2026 Connects Overseas Vietnamese Children from Many Countries

Held online, Gala Yeu Tet 2026 brought together overseas Vietnamese children from numerous countries, creating a special space for cultural exchange where the Vietnamese Lunar New Year (Tet) was told through music, art, and the love for one’s roots nurtured by young generations living far from home.
February 09, 2026 | 14:24
Vietnam Calls on Overseas Vietnamese for Breakthrough Ideas and Development Initiatives Overseas Vietnamese

Vietnam Calls on Overseas Vietnamese for Breakthrough Ideas and Development Initiatives

On February 8, at the International Convention Center, a delegation of 100 outstanding overseas Vietnamese representatives from 32 countries and territories attending the Homeland Spring 2026 program paid a courtesy visit to Bui Thi Minh Hoai, President of the Vietnam Fatherland Front.
February 09, 2026 | 08:10
Connecting Overseas Vietnamese with Their Roots Overseas Vietnamese

Connecting Overseas Vietnamese with Their Roots

Within the framework of the Homeland Spring 2026 program, on February 7, a delegation of 100 outstanding overseas Vietnamese from 32 countries and territories around the world took part in a day of exchanges, visits, and hands-on experiences in Ninh Binh Province. The trip was not only a journey back to the historical and cultural roots of the nation, but also helped strengthen bonds between the overseas Vietnamese community and their homeland.
February 08, 2026 | 09:35
Read more