The amount, a 40% surge year-on-year, is more than all HCMC remittances recorded last year.

An employee counts U.S. banknotes at a bank in Ho Chi Minh City.

In the third quarter alone, remittances to Ho Chi Minh City were $2.35 billion, said Nguyen Duc Lenh, deputy director of Vietnam’s central bank branch in the city.

Remittances to the city from Asia continued to represent the highest proportion of overall funds at 53%, constituting a 20% increase year-on-year.

Asia houses economic and political stability alongside expanding international economic relations and labor cooperation, so the region will have an impact on the city’s remittance growth in the coming time, said Lenh.

Every year, overseas money remitted to the city accounts for more than half of that remitted to all of Vietnam in total.

According to official data from the central bank, remittances to Vietnam each year reach over $10 billion, including $12.5 billion in 2021.

Labor export villages build new countryside

(BGO) - Luc Nam is one of the top localities in Bac Giang province in the number of people working abroad under contracts. Remittances sent home by guest workers have helped many families have a better life, contributing to the building of new-style rural areas together with the Party committees, authorities, and the Fatherland Front committees at all levels.

Vietnamese guest workers get updated on RoK's law

The Vietnam EPS (Employment Permit System) Labour Management Office, in collaboration with the Support Centre for Foreign Workers in Uijeongbu city of Gyeonggi province, held a meeting on April 23 with Vietnamese labourers working in the city and surrounding areas to update them on the Republic of Korea (RoK)’s law.

Bac Giang raises "quality" of guest workers

(BGO) - For the sake of poverty reduction, improving the training quality of vocational skills, foreign languages and laws, and prioritizing high-income markets are new requirements in labor export in Bac Giang province.

Vietnam expects to send 10,000 guest workers to RoK this year

Vietnam’s relevant agencies have stepped up training since mid-2022 in an effort to increase the number of workers sent to the Republic of Korea (RoK).

Source: VnExpress