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Update news overseas remittances
Former HCM City experienced a remarkable increase in remittances in the second quarter of this year, with inflows jumping 22% year-over-year to nearly 2.82 billion USD, according to data from the State Bank of Vietnam (SBV)'s Regional Branch No.2.
Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Vietnam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total remittances.