Remittances sent to Ho Chi Minh City reached $2.84 billion in the third quarter of 2026, rising 39.5% from the previous quarter and 3.6% year on year, according to the State Bank of Vietnam’s Regional Branch 2.
The positive annual growth marked the first quarter of the year to record an increase compared with the same period in 2025, following declines of 16.9% in the first quarter and 27.9% in the second.
Despite the recovery, cumulative remittances for the first nine months of 2026 totalled $6.87 billion, down 13.8% year on year, equivalent to a decrease of approximately $1.1 billion. The third-quarter improvement narrowed the year-to-date decline from 22.8% recorded in the first half.
Asia remained the largest source of remittances in the third quarter, contributing $1.68 billion, or 59.1% of the total. Its share rose significantly from 49.3% in the second quarter. Major sources included Vietnamese workers in South Korea, Japan, Singapore and Malaysia.
The Americas ranked second, contributing $748.5 million, or 26.4%, mainly from Vietnamese communities in the United States and Canada.
Europe accounted for $222.1 million, or 7.8%, while Oceania contributed $173.2 million, representing 6.1% of the total, down from 9.6% in the previous quarter. Remittances from Oceania came mainly from Australia and New Zealand.
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