In the third quarter of 2025, remittances to Ho Chi Minh City through credit institutions and economic organizations reached over $2.737 billion, a slight decrease from the previous quarter but an 18% increase compared to the same period last year. Over the first nine months of 2025, the total remittances to the city amounted to $7.969 billion, a 6.25% rise year-on-year.
Asian countries and territories led remittance inflows to Ho Chi Minh City in the first nine months of 2025, accounting for 50.4% of the total. This was followed by the Americas (30.2%), Europe (9.0%), Oceania (8.4%), and Africa (2.0%).
During the same period, remittances from Africa to Ho Chi Minh City saw the highest growth rate, surging by 150.3% year-on-year. Europe, Oceania, and the Americas also recorded increases of 16.7%, 11.1%, and 10.3%, respectively, while Asia experienced a 2.8% decline.
Remittances from Africa to Ho Chi Minh City have recently shown remarkable growth, with a 266.0% increase in the third quarter compared to the same period last year. In contrast, Europe (19%), Asia (16.9%), Oceania (15.5%), and the Americas (8%) also saw positive growth during this quarter.
According to Ms. Tran Thi Ngoc Lien, Deputy Director of the State Bank of Vietnam’s Branch in Region 2, remittances through credit institutions and economic organizations are primarily concentrated in the former districts of Ho Chi Minh City.
The former districts of Ba Ria-Vung Tau and Binh Duong account for a minimal share, approximately 2% of the total remittances to Ho Chi Minh City. As a result, the administrative reorganization has had little impact on remittance flows in these areas.
Similarly, credit institutions in Dong Nai Province, which fall under the monetary and banking management of the State Bank of Vietnam’s Branch in Region 2, reported no direct foreign currency transactions by economic organizations as of September 30, 2025. Remittance data for this area reflects transfers from abroad to Vietnamese residents through credit institutions.
Ms. Lien noted that the fourth quarter is typically the peak season for remittances due to the year-end holidays, Lunar New Year celebrations, and Vietnamese expatriates returning home. Consequently, the State Bank of Vietnam’s Branch in Region 2 anticipates that total remittances for 2025 will likely exceed those of 2024.
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