Remittances to HCM City hit 2 billion USD in five months
Remittance inflows to the southern largest economic hub of Ho Chi Minh City in the first five months of this year reached 2 billion USD, almost double the figure in the first quarter of 2018.
HCMCity (VNA) - Remittance inflows to the southern largest economic hubof Ho Chi Minh City in the first five months of this year reached 2 billion USD,almost double the figure in the first quarter of 2018.
NguyenHoang Minh, Deputy Director of the State Bank of Vietnam’s HCM City Branch,said most of the remittances was invested in production and business instead ofbeing poured into real estate, securities or savings as earlier.
Remittancesoften depend on macroeconomic conditions, the situation of overseas workers aswell as services attracting remittances.
Sincethe beginning of this year, the situation has looked good, with stableremittance flowing into the city and gradually increasing.
Themacroeconomic condition has also been stable in recent times, and the pressureof an increase in the exchange rate due to market psychology has beeneliminated. Therefore, those who receive remittances gradually convert themfrom foreign currency to VND.
Inrecent years, remittances to HCM City has increased by an average of 8 to 10percent per year.-VNA
Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).
The significant socio-economic-cultural accomplishments that the southern economic hub of Ho Chi Minh City gained in 2017 will create a firm foundation for its stronger development in 2018 and the following years.
Overseas remittances will continue adding a vital impetus to the economy, including the property sector in 2018, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association.
Remittance to Ho Chi Minh City in the first quarter of 2018 increased by 4.5 percent against the same period last year to reach 1.12 billion USD, a central bank official said.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
A corner of Ho Chi Minh City (Photo: VNA) 
