On January 22, Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam’s Region 2 Branch (overseeing HCMC and Dong Nai), announced that the remittances were channeled through both financial institutions and economic organizations operating in the city.

According to consolidated data, nearly $7.43 billion of the remittances were transferred via economic organizations, accounting for 71.8% of the total. Transfers via financial institutions reached about $2.92 billion, or 28.2%.

Geographically, Asia remained the dominant source, contributing nearly $5.06 billion, which equaled 48.9% of the total. This marked a 3.2% year-on-year increase, reflecting the continued stability of remittance flows from key labor-export markets such as Japan, South Korea, Taiwan (China), and Southeast Asian countries where many Vietnamese work under long-term contracts.

Despite modest growth compared to other regions, Asia continued to serve as the main pillar in the city’s remittance structure, thanks to its stable and sizable inflows.

The second-largest source was the Americas, with over $3.3 billion, accounting for 31.9% of the total. This represented an 11.8% rise from 2024, indicating a recovery in income levels among the Vietnamese diaspora in the U.S. and Canada, as well as an increasing trend of money transfers for investment, consumption, and family support in Vietnam.

Europe contributed $921.46 million (8.9%), a 16% increase year-on-year. This improvement reflects better economic conditions for Vietnamese living in EU countries, particularly those engaged in services, skilled labor, and small businesses.

Remittances from Oceania totaled $893.62 million, making up 8.6% of the total and showing a 15.1% increase compared to 2024. This robust growth reflects the steady transfer habits of the long-settled Vietnamese community in the region.

Though still modest in size, Africa recorded the highest growth rate among all regions. Remittances from African countries totaled $173.35 million, or 1.7% of the total, but surged 39.3% year-on-year. This sharp increase highlights the expanding presence of Vietnamese workers and entrepreneurs across the continent in recent years.

According to Ms. Lien, HCMC maintained its position as Vietnam’s top remittance-receiving locality, with a stable structural distribution across regions.

"Remittances continue to grow steadily, reinforcing their role as a key source of foreign currency that helps balance foreign exchange supply and demand, and stabilize the monetary market not only in the city but nationwide," she noted.

Tran Chung