Remittance inflows to Ho Chi Minh City have shown resilience amid global economic turbulence, climbing to $7.97 billion in the first nine months of 2025, bolstering exchange rate stability and fueling local growth.
The figure, reported by the State Bank of Vietnam’s Region 2 Branch, reflects a 6.25% year-on-year hike.
The third quarter alone saw $2.74 billion in remittances, down slightly from the prior quarter but up a robust 18% from the same period in 2024.
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An employee counts Vietnamese banknotes at a bank. Photo by VnExpress/Giang Huy |
By region, Asia led as the primary source, contributing 50.4% of the total. The Americas followed with 30.2%, Europe 9.0%, the Oceania 8.4%, and Africa 2.0%.
Africa stood out with a 150.3% year-on-year surge over the nine months, including a striking 266% jump in the third quarter. Europe rose 16.7%, the Oceania 11.1%, and America 10.3%, while Asia dipped 2.8%.
Tran Thi Ngoc Lien, Deputy Director of the branch, said the fourth quarter is when the real money rolls in, thanks to Christmas, New Year, and Lunar New Year holidays, when Vietnamese expats send extra cash home. The central bank, she noted, projected that the 2025 total remittances will top last year’s number.
In 2024, Ho Chi Minh City absorbed $9.6 billion, a hefty chunk of the $16 billion sent to Vietnam overall.
