Overseas remittances to HCM City to hit 2 bln USD - Overseas remittances to HCM City to hit 2 bln USD - Website Ho Chi Minh City
Overseas remittances to Ho Chi Minh City over the past six months of the year are estimated to reach 2 billion USD, equaling the figure of the same period last year, according to the State Bank of Vietnam’s branch in Ho Chi Minh City.
The sum is mainly coming from the European Union and America, and channeled into production and business (70 percent) and to the real estate (21 percent), Vietnam Government Portal quoted the source as saying.
The city expects to receive total overseas remittances of 5 billion USD for the whole year. In 2013, the figure hit 4.8 billion USD.
The total capital mobilisation of credit organisations in the city reached 1,178 trillion VND (55.2 billion USD), up 0.61 percent compared to the same period last year. Ninety-seven projects have been approved with a total investment of 7.5 trillion VND.