Oversea remittance reaches US$ 2, 5 bln

Overseas national currency exchange sent to the city reached US$ 2, 5 billion by July this year, increased 4, 16 percent in comparison with the same period last year, reported Vice Director of the State Bank of Vietnam in Ho Chi Minh City branch Nguyen Hoang Minh.

Overseas remittance sent to Ho Chi Minh City was mainly from the United States and European markets which was used for manufacturing business and investment rather than saving, real estate investment or stock exchange.
 
With the stability of exchange rate, oversea remittance was sold to banks accounting for 20- 35 percent.
 
This year, the State Bank of Vietnam- HCMC branch predicted overseas national currency exchange sent to the city to reach 5, 7- 5, 8 billion, increasing 5, 6 percent in comparison with last year.

By Nhung Nguyen- Translated by Huyen Huong

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