Remittances spent more on manufacturing and business

by VTV405 October 2017 Last updated at 15:01 PM

VTV.vn - According to reports, remittances in Ho Chi Minh City in the first 9 months of this year reached 3.375 billion US dollars, a 6% rise compared to the same period last year.

Remittances from the United States still accounted for the highest percentage, which is near 60%, followed by the European market with 19%.

According to a representative of the State Bank of Vietnam’s affiliate in Ho Chi Minh City, more and more remittances are being spent on manufacturing and business, rather than real estate or saving as before.

Specifically, 70% of remittances were invested in manufacturing and business, 20% went to real estate and 6% went to personal spending.

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