HCMC – Remittances to HCMC reached nearly US$8 billion in the first nine months of 2025, up 6.25% year-on-year, according to the State Bank of Vietnam Region 2 Branch.
Despite global economic uncertainty, the steady inflow of remittances has helped stabilize exchange rates and support local economic growth, the Vietnam News Agency reported.
In the third quarter alone, the city received around US$2.74 billion, down slightly from the previous quarter but up 18% compared to the same period last year.
Asia remained the largest source of remittances, accounting for 50.4% of the total, followed by the Americas (30.2%), Europe (9%), Oceania (8.4%), and Africa (2%).
Notably, remittances from Africa surged 150.3% year-on-year and jumped 266% in the third quarter. Other regions also saw growth, with Europe up 16.7%, Oceania up 11.1%, and the Americas up 10.3%, while Asia dipped 2.8%.
According to Tran Thi Ngoc Lien, deputy director of the SBV’s Region 2 Branch, most remittances are transferred through credit institutions and economic organizations located in HCMC.
In Dong Nai Province, also under the SBV’s Region 2 Branch’s jurisdiction, no economic organizations directly handle foreign currency payouts, with remittances mainly sent to individuals via banks.
The central bank noted that the fourth quarter is typically the peak season for remittances, coinciding with year-end holidays and the Lunar New Year. Total remittances to HCMC in 2025 are therefore expected to surpass last year’s figure.
In 2024, the city received around US$9.6 billion, making up the majority of Vietnam’s total remittance inflow of US$16 billion.
