Remittances from Ho Chi Minh City account for more than 55% of the country.

In the first quarter of 2023, remittances to Ho Chi Minh City reached 2.119 billion USD, an increase of 19.41% compared to the first quarter of 2022.

Remittances are a source of foreign currency, essentially a source of income, accumulation, and savings sent back by overseas Vietnamese and Vietnamese workers to their relatives. Therefore, the benefits in use, spending, investment, and business bring about efficiency and a huge difference compared to other foreign currency sources (loans, investment capital, and funding, etc.) in terms of costs and conditions of use. To continue attracting remittances in the coming time, it is necessary to continue improving the investment environment, attracting capital sources, attracting remittances to invest in production and business development, especially in the fields of health, education, culture, technology; green economic development, etc. At the same time, continue to improve policies and effectively develop the remittance service network system in Ho Chi Minh City.

Source link: https://thanhnien.vn/kieu-hoi-tphcm-chiem-hon-55-ca-nuoc-185230523001447869.htm