Remittances to HCM City hit US$6.1 billion in 2020
Remittances to Ho Chi Minh City still rose by 12% year-on-year to US$6.1 billion in 2020 despite the COVID-19 pandemic, according to the State Bank of Vietnam’s Branch in HCM City.
The figure is around US$600 million higher than the forecast by financial organisations.
In recent years, remittances to the city have grown by 8-10% on average each year, mostly those from the US, Europe, Australia and Taiwan (China).
In particular, remittances from the US to HCM City have so far accounted for around 30-40% of the country’s total.
The figure is around US$600 million higher than the forecast by financial organisations.
In recent years, remittances to the city have grown by 8-10% on average each year, mostly those from the US, Europe, Australia and Taiwan (China).
In particular, remittances from the US to HCM City have so far accounted for around 30-40% of the country’s total.
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