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
New decree removes barriers for rice exporters
$15million garment factory built in Ha Tinh Province
Shares gain on strong fluctuation
Small, medium enterprises make up high percentage in Vietnam
Southeast Asia consumes most of Vietnamese steel
Vinafood 2 to export 2 million tons of rice to Philippines
Vietnam’s agro-aquatic products strive to penetrate Russian market
Vietnam qualified to export catfish to the US
Thirty percent of Vietnam’s population to shop online by 2020
