Of which, about US$5.48 billion was sent through authorized remittance companies and US$1.91 billion was transferred through credit institutions.
Although overseas remittances to Ho Chi Minh City in the third quarter of the year were less than in the previous quarter, down by 4.1 percent, the total overseas remittances to the city in the first nine months of 2024 was estimated to reach 78.1 percent of last year's record high which was US$9.46 billion.
Deputy Director of State Bank of Vietnam- Ho Chi Minh City Branch Nguyen Duc Lenh said that of the total amount, remittances from Asia still hold the largest share, accounting for 53.8 percent and increasing 24.1 percent over the same period last year, followed by remittances from Oceania, Americas and Europe.
Although overseas remittances in the third quarter of the year were less than in the first and second quarters, the set target of overseas remittances growth of 10 percent per year is feasible with this momentum.
The trend is associated to the higher growth rate of remittances in the last quarter of the year compared to previous quarters, added Deputy Director of State Bank of Vietnam- Ho Chi Minh City Branch Nguyen Duc Lenh.
