Today (October 16), the State Bank of Vietnam, Ho Chi Minh City branch, said that although remittances in recent quarters have decreased (the third quarter decreased by 4.1% compared to the second quarter), the amount of remittances in the first 9 months was still equal to 78.1% compared to the whole year of 2023 (the year with the highest amount of remittances, reaching 9.46 billion USD).

According to statistics, the amount of remittances sent to Ho Chi Minh City, including remittances sent through economic organizations (remittance companies), reached nearly 5.5 billion USD, accounting for 74.2%; transferred through credit institutions reached more than 1.9 billion USD, accounting for 25.8%.

Remittances from Asia still accounted for the highest proportion (53.8%) and continued to maintain the best growth rate, up 24.1% over the same period.

Meanwhile, remittances from the Americas increased by 4.4%, Oceania increased by 20%, and Europe decreased by 19.1% over the same period.

In the third quarter alone, remittances from all regions decreased, but from the European region increased by 22.8% compared to the second quarter.

According to Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, despite a slight decrease in the last two quarters, remittances will still achieve a growth rate of about 10% per year in 2024.

Chairman of Ho Chi Minh City urgently directs adjustment of land price list

Chairman of Ho Chi Minh City urgently directs adjustment of land price list

The Chairman of the Ho Chi Minh City People's Committee requested the Department of Natural Resources and Environment to complete the dossier and submit it to the Steering Committee for the development and adjustment of the city's land price list for comments on the revised and supplemented land price list to submit to the City People's Committee before 2:00 p.m. on October 16.
Ho Chi Minh City calls for investment in 5 cultural and sports projects

Ho Chi Minh City calls for investment in 5 cultural and sports projects

According to the Chairman of the Ho Chi Minh City People's Committee, the city has not been able to organize major events such as hosting the SEA Games, or continental and world events due to the lack of modern cultural and sports facilities.
Ho Chi Minh City wants to keep the budget revenue exceeding the plan to build urban railway.

Ho Chi Minh City wants to keep the budget revenue exceeding the plan to build urban railway.

The Ho Chi Minh City People's Committee proposed to retain all excess budget revenue for the revenue shared between the Central and local governments in the 2026-2030 period to build urban railways.