It is expected that remittances for the full year would be 5.5 billion USD, 8 percent up from 2019.
Remittances to the city have been coming into business instead of property, stocks or savings.
In recent years, they have been growing at 8-10 percent a year, but often depend on the global economic situation and that of overseas workers. They have been steady since the beginning of this year, and continue to come mainly from the U.S. and Europe.
Vietnam's economy has steadied and there are no adverse sentiments putting pressure on the currency exchange, meaning remittance recipients are not averse to exchanging to and holding the dong, which in turn further helping keep the exchange rate steady./.
VNA
