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The overseas remittances to Ho Chi Minh City were mainly transferred from the U.S., Australia and Canada and other key labor exports such as China, Japan, the Republic of Korea and ASEAN.
Up to 72% of the overseas remittances were poured in production and manufacturing while 22% and 6% were invested in real estate and consumption, respectively.
The overseas remittances may compensate for trade deficit and contribute to the nation’s foreign reserves.
By Thuy Dung