On October 17th, Mrs. Trần Thị Ngọc Liên, Deputy Director of the State Bank of Vietnam’s Branch in Zone 2, Ho Chi Minh City, reported that remittances transferred through credit institutions and economic organizations in Ho Chi Minh City during the third quarter of 2025 reached over $2.7 billion. This reflects a slight decrease compared to the previous quarter but marks an 18% increase year-over-year.
Over the first nine months of this year, total remittances to the city approached $8 billion, up 6.25% from the same period last year.
According to Mrs. Liên, Asian countries and territories led remittance inflows to Ho Chi Minh City, accounting for 50.4% of the total in the first nine months of 2025. This was followed by the Americas (30.2%), Europe (9.0%), Oceania (8.4%), and Africa (2.0%).
Remittances to Ho Chi Minh City continue to rise.
In the first nine months, remittances from African nations to Ho Chi Minh City saw the highest growth rate, surging 150.3% year-over-year. Europe followed with a 16.7% increase, Oceania with 11.1%, the Americas with 10.3%, and Asia with a 2.8% decline.
Recently, remittances from Africa to Ho Chi Minh City have shown remarkable growth. In the third quarter, inflows from this region soared 266.0% year-over-year. Meanwhile, Europe (up 19%), Asia (up 16.9%), Oceania (up 15.5%), and the Americas (up 8%) also recorded increases during the same period.
“Remittances processed through credit institutions and economic organizations are primarily concentrated in the former wards and communes of Ho Chi Minh City. The former wards and communes in Bà Rịa-Vũng Tàu and Bình Dương account for a minimal share, approximately 2% of the city’s total remittances. Consequently, remittance volumes in these areas remain largely unchanged following the implementation of the new administrative units,” Mrs. Liên explained.
Similarly, credit institutions in Đồng Nai Province now fall under the monetary and banking oversight of the State Bank’s Zone 2 Branch. As of September 30th, no economic organizations were directly engaged in receiving or disbursing foreign currency. Remittance data for this area reflects transfers from abroad to Vietnamese residents via credit institutions.
Mrs. Liên noted that the fourth quarter is traditionally peak season for remittances, driven by the year-end holidays, Lunar New Year celebrations, and overseas Vietnamese returning home. As a result, the State Bank’s Zone 2 Branch anticipates that total remittances for this year will likely exceed 2024 levels.
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