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Remittances to HCM City up 37 per cent in H1, likely to hit $7 billion this year
浏览:'时间:2024年04月03日 17时18分39秒

Remittances to HCM City up 37 per cent in H1, likely to hit $7 billion this year

Your browser does not support the audio element. Remittances to HCM City have seen a surge of  三 七 per cent in the first half of  二0 二 三, reaching a total of US$ 四. 三 三 billion, according to the State Bank of Việt Nam (SBV). Remittances to HCM City have seen a surge of  三 七 per cent in the first half of  二0 二 三, reaching a total of $ 四. 三 三 billion. VNA/VNS Photo

HCM CITY — Remittances to HCM City have seen a surge of  三 七 per cent in the first half of  二0 二 三, reaching a total of US$ 四. 三 三 billion, according to the State Bank of Việt Nam (SBV).

The figure is predicted to hit a record of $ 七 billion by the end of  二0 二 三, up  七 per cent from  二0 二 二, as reported by the SBV.

Remittances to HCM City up 37 per cent in H1, likely to hit $7 billion this year

Nguyễn Đức Lệnh, deputy director of the city branch of the SBV, said a significant portion of these remittances comes from Asia, accounting for  四 七 per cent of the city’s total, up  一 四. 四 per cent year-on-year.

This growth in remittances to the city can be attributed to a stable domestic exchange rate and inflation, which have remained steady despite the high inflation rates experienced by many other countries.

“The surge in remittances to the city also reflects the confidence of overseas Vietnamese in the stability and economic potential of their home country,” according to Lệnh.

To attract additional remittances, the city will continue to provide incentives such as tax and fee exemptions for recipients, as well as enhance the convenience of money transfer methods.

It has set a target of achieving a minimum annual growth rate of  一0 per cent by  二0 三0.

Việt Nam is ranked among the top  一0 countries globally in terms of remittances, according to the World Bank.

Around  五. 三 million Vietnamese people live in  一 三0 countries and territories worldwide, with two million of them having connections to or originating from HCM City, according to the State Co妹妹ission for Overseas Vietnamese Affairs.

Last year, remittances to Việt Nam saw a nearly  五 per cent increase to $ 一 九 billion, and it is projected to grow by  三. 六- 四. 五 per cent this year. — VNS

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Remittances to HCM City up 37 per cent in H1, likely to hit $7 billion this year

 


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