Remittances to HCM City surpasses 9.5 billion USD in 2024
Remittances to Ho Chi Minh City in 2024 reached over 9.5 billion USD, up 0.9% year-on-year, the State Bank of Vietnam's branch in the city announced on January 16.
Statistics showed that remittances from Asia and America accounted for the highest proportion, with 82.2%.
Compared to 2023, the flow of money from Asia rose by 2.5%, from America by 7.4%, and from Oceania by 8.7%. On the other hand, remittances from Europe and Africa decreased by 23% and 33%, respectively.
Along with other foreign currency sources, it has contributed to boosting the city’s socio-economic development, as a stable foreign currency supply that bolsters foreign exchange monetary policy./.
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