Remittances to Ho Chi Minh City reach a record high of over 10.3 billion USD.

(NLDO) - The total amount of remittances transferred to Ho Chi Minh City through credit institutions and economic organizations reached over 10.34 billion USD, a record high in recent years.

On January 22nd, Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam's Regional Branch 2, stated that in 2025, the total amount of remittances transferred through credit institutions and economic organizations in Ho Chi Minh City will reach over 10.34 billion USD, an increase of 8.3% compared to 2024. This is a record amount of remittances flowing into Ho Chi Minh City in recent years.

According to aggregated data from the State Bank of Vietnam's Regional Branch 2, remittances to Ho Chi Minh City in 2025 were mainly transferred through economic organizations with a turnover of nearly 7.43 billion USD, accounting for about 71.8% of the total remittances, while this flow through credit institutions reached nearly 2.92 billion USD, equivalent to 28.2%.

Of that total, remittances from the Asian region continued to account for the largest share, reaching nearly $5.06 billion and increasing compared to the previous year, reflecting the stability of remittances from traditional markets such as Japan, South Korea, Taiwan (China), and Southeast Asian countries - where a large number of Vietnamese workers are employed long-term.

Although the growth rate is not as high as in other regions, Asia remains the main foundation and plays a pivotal role in the structure of remittances due to its stability and large scale.

Overseas Vietnamese return to Ho Chi Minh City sets new record.

Second is the Americas region, with remittances reaching over $3.3 billion, accounting for 31.9% of total remittances. Compared to the same period last year, remittances from the Americas increased by 11.8% year-on-year in 2024, reflecting the recovery of income for the Vietnamese community in the US and Canada, as well as the increasing trend of transferring money for investment, consumption, and family support in Vietnam. The Americas continues to be a region with high remittance values ​​and relatively stable growth in recent years.

According to Ms. Tran Thi Ngoc Lien, remittances continue to maintain stable growth, affirming their role as an important source of foreign currency, contributing to balancing the supply and demand of foreign currency and stabilizing the monetary market in Ho Chi Minh City and the whole country.

"The structure of remittances to Ho Chi Minh City in 2025 will continue to maintain stability, with Asia and the Americas remaining the two main markets, accounting for over 80% of the total remittances. The European, Oceanian, and African markets recorded positive growth, contributing to diversifying remittance sources and reducing dependence on a few traditional regions," said Ms. Ngoc Lien.

According to sources from the State Bank of Vietnam, Region 2, remittances transferred to Dong Nai province through credit institutions will reach over 181 million USD in 2025.

Source: https://nld.com.vn/kieu-hoi-ve-tphcm-lap-ky-luc-hon-103-ti-usd-196260122183641172.htm