Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV) Hochiminh city branch said that in March 2018, about 190 million USD of remittances transferred to Vietnam through credit institutions (CIs) in Hochiminh city.
As a result, the total remittances in the first three months of 2018 to Hochiminh city reached up to 1.120 billion USD, an important addition to the domestic foreign exchange supply.
Up to 50 percent of the overseas remittances to Hochiminh city come from the US, Canadian and Australian markets. The regular remittances throughout the year without being influenced by the USD policy on the international market are enjoying much higher interest rates compared to the zero USD interest rate policy in the domestic.
