U.S. dollar and Vietnamese dong banknotes seen at a bank in Ho Chi Minh City. Photo by VnExpress/Anh Tu
Remittance inflows to Ho Chi Minh City have seen stable growth despite fluctuations in the global economy and are expected to reach an all-time high of US$10.5 billion in 2025.
The figure would represent an increase of 10.5% from last year, according to Tran Thi Ngoc Lien, deputy director of the State Bank of Vietnam – Region 2 Branch,
This strong growth reflects overseas Vietnamese’ increasing confidence in Vietnam’s economic stability, as well as the effectiveness of flexible exchange rate policies and a stable interest rate environment, Lien said.
Both HCMC’s and the national economy are maintaining macro-economic stability. Monetary policy management, particularly stable interest rates and flexible exchange rate control, has created a solid foundation to attract remittances, meeting consumption demand while supplementing capital for production and business activities.
In the first nine months of 2025, remittances to HCMC continued to be the highest nationwide at $7.94 billion, up 6.3% year-on-year and accounting for about 60% of the country’s total.
By region, as of late September, Asia continued to be the largest source of remittances to the city, making up over half of inflows. It was followed by the Americas (30%), Europe (9%), Oceania (8.4%) and Africa (2%). Notably, remittances from Africa posted a surge of more than 150% year-on-year. Other regions also recorded positive growth, with Europe up 16.7%, Oceania up 11% and the Americas up 10%.
The city is implementing multiple solutions and proposals to mobilize capital for major projects such as the HCMC International Financial Centre, Free Trade Zone, real estate projects and other large-scale economic projects requiring long-term capital.
