HCM City is expected to receive US$9 billion in remittances in 2023, up 35 per from the previous year, according to a city official.
Speaking at a meeting, Võ Văn Hoan, deputy chairman of the People’s Committee, said remittances to the city have nearly tripled the amount of foreign investment (FDI) it has attracted this year ($3.4 billion).
The global economy and Việt Nam continue to face difficulties post pandemic, however, once travel restrictions eased, the number of Vietnamese workers abroad increased, contributing to the surge in remittances.
This increase is also attributed to the city’s activities promoting trade, attracting investment, and regular meetings with the international business community.— VNS
