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Submitted by unname1 on Mon, 10/01/2012 - 12:01
Overseas remittances to Ho Chi Minh City reached US$2.8 billion in the past nine months, equal to 81.5 percent of last year’s figure.
  • US$1.9 bln overseas remittances to HCM City
  • Overseas remittances to Vietnam hit a record high of US$9 bln
  • Statistics released by the State Committee for Overseas Vietnamese showed overseas remittances to Vietnam surpassed US$6.3 billion, accounting for 70 percent of the country’s total amount recorded in 2011.

    The country is expected to get US$10-11 billion remitted from Vietnamese expatriates abroad this year, up 30 percent compared to last year’s figure.

    Most of the money has flowed into rural and far-flung areas where there is an abundant resource of labour for export.

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