Remittances to Ho Chi Minh City in 2025 set a new record, achieving double-digit growth.

Remittances transferred to Ho Chi Minh City in 2025 through credit institutions and economic organizations reached a record high, estimated at USD 10.5 billion—the highest ever—and marked an impressive growth rate of 10.5% compared to 2024.

This result not only holds financial significance but also affirms the strong confidence of overseas Vietnamese in the stability and growth potential of their homeland’s economy.

According to Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam – Region 2 Branch (headquartered in Ho Chi Minh City), the official statistics on remittances to the city for the full year of 2025 will be released in January 2026, and the figure of USD 10.5 billion is currently an estimate.

With this achievement, Ho Chi Minh City continues to lead the country in attracting remittances, accounting for approximately 60% of the national total. This figure reflects positive growth and demonstrates the stability of both the city’s economy and Vietnam’s overall economy.

Interest rate policies have remained stable, and exchange rates have been managed flexibly, creating confidence for overseas Vietnamese to send money home—not only for consumption but also as a source of capital for production and business development. Remittance inflows typically increase toward the end of the year, coinciding with the New Year and Lunar New Year holidays, according to representatives of the State Bank of Vietnam – Region 2 Branch.

Remittances continue to play a stable and powerful role in supporting Vietnam’s economic growth.

Recognizing remittances from overseas Vietnamese as a valuable and stable resource, Ho Chi Minh City has approved the project titled “Policy to Effectively Mobilize Remittance Resources in Ho Chi Minh City through 2030,” aimed at creating favorable conditions for overseas Vietnamese to invest, engage in production and business, and contribute to key development sectors in Vietnam.

Ms. Lien forecasts that remittance inflows to Ho Chi Minh City will continue to grow in 2026. The “mega city” and economic hub of southern Vietnam is implementing solutions and proposals to mobilize capital for ongoing and upcoming projects, such as the International Financial Center in Ho Chi Minh City, the development of four free trade zones (including logistics services and international seaports), as well as real estate and other sectoral projects.

Previously, in October 2025, Ms. Lien reported that in the first nine months of 2025, total remittances transferred through credit institutions and economic organizations in Ho Chi Minh City reached USD 7.969 billion, up 6.25% year-on-year. Asia accounted for the largest share of remittances (50.4%), followed by the Americas (30.2%), Europe (9.0%), Oceania (8.4%), and Africa (2.0%).

At that time, the State Bank of Vietnam – Region 2 Branch projected that total remittances for the whole year of 2025 would likely exceed the 2024 figure, as the fourth quarter is typically the peak season due to the proximity of the New Year and the traditional Lunar New Year.

Source: Dan Viet (https://danviet.vn/)