Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking Follow Ven.vn on

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

Of the figure, remittances through remittance companies amounted to nearly 1.76 billion USD, while commercial banks received 655 million USD, according to Deputy Director of the State Bank of Vietnam's Region 2 Branch Nguyen Duc Lenh.

Remittances to the city from Asia continued to make up the largest share, 48.7%, up 46.1% from the previous quarter.

Remittances to HCM City reach over 2.41 billion USD in first quarter

Illustrative photo (Photo: VNA)

Analysing the remittance situation in Ho Chi Minh City, Lenh stated that there were positive factors for increasing remittances, such as the effectiveness of monetary and foreign exchange policy mechanisms, a stable investment and business environment, and the development of the labour market.

Additionally, remittance companies and commercial banks provided high-quality services that create convenience for remittance recipients.

In 2024, remittances to HCM City amounted to 9.55 billion USD, up 0.9% from 2023, with Asia and America holding the largest shares, together accounting for 82.2% of the total.

Compared to 2023, remittances from Asia increased by 2.5%; from America by 7.4%; and from Oceania by 8.7%. Conversely, those from Europe and Africa decreased by 23% and 33%, respectively.

Source: en.vietnamplus.vn

See more news

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Over 29 trillion VND in tax refunds issued

15:30 | 07/04/2025 Finance-Banking

According to the Ministry of Finance, the Tax Department issued 3,705 tax refund decisions in the first quarter of 2025, totalling 29.23 trillion VND (1.13 billion USD). This represents a slight increase, reaching 108% compared to the same period in 2024.

State budget revenue rises 9.7% in Q1

16:42 | 06/04/2025 Finance-Banking

Vietnam’s state budget revenue reached 98.4 trillion VND (3.81 billion USD) in the first quarter of 2025, achieving 24% of the assigned target and marking a 9.7% increase year-on-year, according to the Department of Vietnam Customs.

What factors have pushed gold prices beyond 3,000 USD per ounce?

17:26 | 04/04/2025 Finance-Banking

The surge in gold prices highlights its role as a safe-haven asset, as investors tend to seek risk-mitigation strategies amid global uncertainties.

Central bank’s credit growth target helps real estate recovery

10:13 | 04/04/2025 Finance-Banking

The State Bank of Vietnam's (SBV) objective of a 16% credit growth in 2025, injecting approximately 2.5 million VND billion into the economy, will likely speed up the recovery of the real estate sector, according to the Vietnam Association of Realtors (VARS).

Over 2.54 bln USD raised through government bond auctions

09:59 | 03/04/2025 Finance-Banking

The government bond market experienced a significant boost in March, with 15 successful auctions conducted by the State Treasury through the Hanoi Stock Exchange (HNX).

Capital markets pave the way for Vietnamese tech “unicorns”

17:07 | 01/04/2025 Finance-Banking

According to Member of the Party Central Committee (PCC) and Editor-in-Chief of Nhan Dan (People) Newspaper Le Quoc Minh, who is also Deputy Head of the PCC’s Commission for Communications, Education and Mass Mobilisation and Chairman of the Vietnam Journalists' Association, to help Vietnamese technology enterprises to thrive globally, a strong capital market is the key to opening up opportunities for innovation and creativity, creating momentum for breakthroughs.

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

19:26 | 30/03/2025 Finance-Banking

The establishment of an International Financial Centre in Vietnam is a critical and strategic decision, which will ensure the country’s long-term financial stability and growth, financial experts and representatives of leading German businesses said in discussions with Permanent Deputy Prime Minister Nguyen Hoa Binh during his freshly-ended visit to Germany.

Latest Most Read

MoIT, Samsung cooperation enhances local suppliers’ role in global value chains

10:41 | 22/05/2025 Industry

The Ministry of Industry and Trade (MoIT) and Samsung Vietnam are elevating Vietnamese enterprises into the global supply chain, heading towards sustainable development.

Former President Tran Duc Luong passes away

10:14 | 22/05/2025 News and Events

VGP - Former Politburo member and former President Tran Duc Luong passed away at 22:51 on May 20 at his residence in Ha Noi at the aged 88, after a period of illness, according to the specialized council for protection of central-level officials' health.

Vast potential for Vietnam–South Africa cooperation: Party chief

16:22 | 21/05/2025 Cooperation

Party General Secretary To Lam has expressed his desire to soon welcome President of South Africa and ANC Party Chairperson Cyril Ramaphosa to Vietnam, emphasizing the importance of deepening political trust and strengthening ties between the two Parties.

MoIT leader meets with Excelerate Energy on LNG cooperation

16:03 | 21/05/2025 News and Events

As part of the Vietnam delegation’s official mission to the United States, Minister Nguyen Hong Dien—Head of the Government's Negotiation Team— has recently met with senior leaders of Excelerate Energy, one of the United States’ leading LNG solution providers.

French President Emmanuel Macron to visit Viet Nam

15:44 | 21/05/2025 News and Events

VGP - French President Emmanuel Macron and his spouse will pay a State visit to Viet Nam from May 25 – 27, according to the Ministry of Foreign Affairs.

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

(VEN) - Every year, workers around the world celebrate the International Workers’ Day on May 1 - a great festival of the working class and working people around the world. This is not only a holiday, but also a moment to look back upon the journey of struggle, dedication and growth of the labor force - the backbone of every economy.

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

(VEN) - The increasing competitive pressure is forcing businesses in the tourism industry to innovate their business models and enhance service quality to keep up with current trends, focusing on key criteria, such as safety, personalized experiences, and technological convenience.

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

(VEN) - After the reorganization of its administrative structure, Vietnam is expected to reduce the number of provincial-level administrative units by 50 percent and commune-level units by 60-70 percent, making the state management apparatus leaner, stronger and more efficient, and expanding new development space for localities.

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

At the 2025 Annual General Meeting of Shareholders (AGM), Imexpharm approved its 2025 growth plan, targeting total revenue of VND2,981 billion and profit before tax of VND 493.5 billion - representing year-on-year increases of 18.6% and 22.1%, respectively.

Vietnam-Laos relations vital to revolutionary cause in each country: State leader

10:05 | 26/04/2025 Cooperation

The relationship between Vietnam and Laos is an invaluable asset and crucial to the revolutionary cause of both countries, State President Luong Cuong affirmed while meeting former high-ranking leaders of Laos in Vientiane on April 25 as part of his two-day state visit to Laos.

Multimedia

Video Longform Infographic Photo

MoIT, Samsung cooperation enhances local suppliers’ role in global value chains

10:41 | 22/05/2025 Industry

The Ministry of Industry and Trade (MoIT) and Samsung Vietnam are elevating Vietnamese enterprises into the global supply chain, heading towards sustainable development.

Former President Tran Duc Luong passes away

10:14 | 22/05/2025 News and Events

MoIT leader meets with Excelerate Energy on LNG cooperation

16:03 | 21/05/2025 News and Events

French President Emmanuel Macron to visit Viet Nam

15:44 | 21/05/2025 News and Events

VGP - French President Emmanuel Macron and his spouse will pay a State visit to Viet Nam from May 25 – 27, according to the Ministry of Foreign Affairs.

Building regional brands by preserving the soul of the highlands

11:30 | 21/05/2025 Culture

By preserving the authentic spirit of the mountains in each product, highland communities are persistently elevating their brands, bringing ethnic specialties far beyond their native regions.

Policy

General Secretary To Lam calls for adopting Law on private economic development

12:10 | 15/05/2025 Policy

VGP - In his recent article, General Secretary To Lam calls for adopting Law on private economic development as private economy has been defined as the most important driving force of the national economy.

Hai Phong tops 2024 PCI rankings following strong business environment reform efforts

15:42 | 14/05/2025 Policy

VGP - Hai Phong city topped the 2024 Provincial Competitiveness Index (PCI) rankings for the first time by scoring 74.84 points, marking a significant milestone in the northern port city’s ongoing efforts to improve its business and investment environment.

Lawmaker proposes tax incentives for the chemical industry sector

18:28 | 12/05/2025 Policy

Commenting on the revised draft Law on Corporate Income Tax, deputy Ta Dinh Thi proposed that chemical industry should enjoy tax incentives.

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Industry & Trade

MoIT, Samsung cooperation enhances local suppliers’ role in global value chains

10:41 | 22/05/2025 Industry

The Ministry of Industry and Trade (MoIT) and Samsung Vietnam are elevating Vietnamese enterprises into the global supply chain, heading towards sustainable development.

Ha Tinh alocates significant funding for local industrial promotion

10:39 | 20/05/2025 Industry

The Ha Tinh Provincial People’s Committee has allocated VND 1.8 billion for the 2025 local industrial promotion program, prioritizing support for initiatives that have immediate and direct impacts on rural industrial establishments.

Ha Giang allocates significant funding to modernize rural industrial production

10:36 | 20/05/2025 Industry

The People’s Council of Ha Giang Province has issued Resolution No. 39/2024/NQ-HDND, dated December 30, 2024, stipulating specific expenditure levels for local industrial promotion activities. Notably, substantial allocations have been earmarked for the modernization of production through technological innovation and the adoption of advanced machinery.

Westinghouse Electric Company: A potential partner in Vietnam’s nuclear energy future

20:57 | 19/05/2025 Industry

As Vietnam considers restarting its nuclear energy program, Westinghouse Electric Company from the United States emerges as a strategic partner, offering proven expertise, advanced reactor technology, and a strong commitment to safety and sustainability.

Investment

Vietnam poised to attract more US FDI amid growing confidence

13:08 | 19/05/2025 Investment

Vietnam is emerging as an increasingly attractive destination for US foreign direct investment (FDI), with capital inflows showing signs of growth and the potential for a breakthrough in the near future as more American corporations set their sights on the Southeast Asian country.

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

Resolution 57 marks a new era for science and technology: Deputy Minister

13:57 | 20/05/2025 Science - Technology

Resolution 57-NQ/TW is a pivotal step for advancing science and technology, opening the door for Vietnam to enter a new era of national growth.

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Society

Ha Noi kick-starts construction of Tu Lien bridge

11:25 | 20/05/2025 Society

VGP - Prime Minister Pham Minh Chinh on Monday broke ground on the construction of Tu Lien Bridge in Ha Noi, linking Tay Ho and Dong Anh districts.

Hoa Binh Province’s ethnic minority products elevate through e-commerce

10:39 | 17/05/2025 Society

Highland specialties from the northwestern mountainous province of Hoa Binh are making their way into the digital market, opening up new livelihood opportunities for ethnic minority communities through local e-commerce platforms.

Historical significance of International Workers’ Day

09:22 | 28/04/2025 Society

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

Vietnamese Brands

Expanding market access for Yen Bai Province’s highland specialties

20:22 | 20/05/2025 Vietnamese Brands

The Ministry of Industry and Trade is ramping up trade promotion efforts, helping ethnic minority products from the northern mountainous province of Yen Bai reach larger markets.

Enhancing the value of Cao Phong oranges

10:57 | 17/05/2025 Vietnamese Brands

Cao Phong Oranges are not only a celebrated specialty of Hoa Binh Province, but also a symbol of the aspiration to establish a recognized agricultural brand from ethnic minority regions.

Imexpharm sets breakthrough growth goals at 2025 shareholders meeting

10:00 | 27/04/2025 Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

(VEN) - With a strong determination to “innovate from the core” for sustainable development in the future, Petrovietnam has officially adopted its new designation as the Vietnam National Industry - Energy Group.

Culture

Deputy PM meets Director of the UNESCO World Heritage Centre

11:32 | 21/05/2025 Culture

VGP - Deputy Prime Minister, Foreign Minister Bui Thanh Son hosted a reception for Director of the UNESCO World Heritage Centre Lazare Eloundou Assomo in Ha Noi on May 19.

Building regional brands by preserving the soul of the highlands

11:30 | 21/05/2025 Culture

By preserving the authentic spirit of the mountains in each product, highland communities are persistently elevating their brands, bringing ethnic specialties far beyond their native regions.

National exhibition centre to become a new symbol of Hanoi: Prime Minister

14:52 | 20/05/2025 Culture

On the morning of May 19, Prime Minister Pham Minh Chinh conducted an on-site inspection of the construction progress at the National Exhibition and Fair Centre in Dong Anh District, Hanoi. The Prime Minister was joined by Deputy Prime Minister Mai Van Chinh during the inspection, emphasizing the significance of the project in the broader development strategy for the capital.

‘Green gold’ amidst grey rocks: How ethnic communities in Dien Bien province cultivate their future

10:20 | 17/05/2025 Culture

From the ancient Shan Tuyet tea trees standing firm amidst the frosty mists, the ethnic minorities in Tua Chua District of the northwestern province of Dien Bien province have awakened a potential that had lain dormant for generations.

Tourism

Viet Nam among Singapore"s 15 largest source markets of tourists

20:19 | 20/05/2025 Tourism

VGP - Viet Nam remains Singapore’s top 15 source markets of tourists with more than 393,000 arrivals in 2024, statistics of the Singapore Tourism Board (STB) showed.

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.