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VietNamNews

Remittances reach $3b in HCM City

Update: October, 25/2013 - 11:08
In 2013, HCM City's remittances could reach $4.8 billion, an increase of $700 million from last year.— Photo vinacorp

HCM CITY (VNS)— The State Bank of Viet Nam in HCM City had received US$3 billion from remittances as of the end of September this year, putting Viet Nam in the top ten countries in the world for remittances.

In 2013, HCM City's remittances could reach $4.8 billion, an increase of $700 million from last year. The majority of remittances came mainly from the US and Europe, but this year has seen an increase from China and South Korea.

The World Bank said Viet Nam would receive around $11 billion in remittances this year to stand ninth in the world. — VNS

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