May 24, 2023 | 06:35 GMT+7

Remittances to HCMC could grow further

Minh Hà -

Some $2.2bln sent to southern city in Q1, up 19.41%.

Measures are needed to further boost remittances to Ho Chi Minh City, including creating favorable conditions and improving the investment environment, experts told a conference in the city on May 22.

Remittances to Ho Chi Minh City have continued to increase over the past five years, reaching nearly $2.2 billion in the first quarter of 2023, a year-on-year surge of 19.41 per cent.

The city topped the country in remittances last year, receiving $6.6 billion.

Conference participants recommended that the city continue to capitalize on its leading position as an economic, cultural, and educational center of the country and improve its business environment to attract capital and remittances for local production and business development, especially in health, education, culture, technology, and the green economy.

It is necessary for the southern economic hub to promote its advantages in the fields of finance, banking, logistics, and tourism to attract overseas Vietnamese.

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