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Remittances to Ho Chi Minh City reached 5 billion $US in 2016

by VTV412 January 2017 Last updated at 13:07 PM

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VTV.vn - Remittances to Ho Chi Minh City reached five billion USD in 2016, according to the State Bank of Vietnam's Ho Chi Minh City branch.

The amount accounted for 57-58 percent of the national figure, a year-on-year increase of about 11 percent. The flow of remittances to the city in the year slowed down due to US president-elect President Donald Trump's expected domestic economy policies and the enhanced value of the US dollar. Of the remittances to the city, 72 percent were invested in production, 21.8 percent in real estate, and 6.2 percent for familial support.