The head of the branch Nguyen Hoang Minh said that the total value represents an increase of 4.7% compared to the same period last year.
Remittances funnelled into production and real estate projects have kept increasing, accounting for 74% of the total sum injected into business and 22% into the property market, he said.
HCM City is expected to receive US$5 billion in overseas remittances by the end of this year, he predicted.
Minh also revealed remittances channelled through HCM City-based banks account for 40-50% of the country’s total.
HCM City is expected to receive US$5 billion in overseas remittances by the end of this year, he predicted.
Minh also revealed remittances channelled through HCM City-based banks account for 40-50% of the country’s total.
