Clients at DongA Money Transfer Co Ltd (Photo: VNA)
HCMCity (VNA) - Remittances to HCM City, which routinely accounts forthe highest amount in the country, has topped 1 billion USD already this year.
NguyenHoang Minh, deputy director of the State Bank of Vietnam (SBV)’s HCM Cityoffice, said 58 percent of the amount came from the US and 22 percent fromEurope.
Remittancesby Vietnamese guest workers abroad have not increased by much this year, he said.
Remittancesto the city last year fell to 5 billion USD from 5.5 billion USD in 2015.
Lastyear more than 72 percent of the remittances were invested in business, 21.8 percentwent into real estate and the rest to remitters’ families for their use.
Accordingto the SBV’s HCM City office, last year the city accounted for 57 percent ofall remittances to Vietnam, rising sharply from the 45-47 percent that was thenorm earlier.-VNA
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Clients at DongA Money Transfer Co Ltd (Photo: VNA) 
