The source of funds has been stable and on the rise since early this year. In October, it reached $600 million, up 5 percent over the same period in 2016.
Sixty percent of the amount remitted to HCMC has been from the US and over 19 percent from Europe. Most of the funds has been used for production, trading and investment instead of real estate or stocks as before.
According to the SBV branch, overseas remittance is expected to hit $5.2 billion this year, up 4.5 percent over 2016 as it usually highly increases in yearend months.
Other news
Logistics industry short of 2 million employees
Agreement on building production chain of poultry meat for export
Banks have more than VND46.4 trillion of irretrievable debts
State Treasury raises nearly VND88 trillion via G-bond auction
Firms need to be cautious about exporting to China
Ministry proposes environmental protection tax cut for biofuel
Vietnamese mangoes continue being exported to US
French retailer retreats from Vietnam
US market no longer comfortable for Vietnamese enterprises
