Want to be in the loop?
subscribe to
our notification
Business News
REMITTANCE INFLOWS TO HCMC FORECAST TO REACH OVER US$5 BLN THIS YEAR
Remittance inflows to Ho Chi Minh City is forecast to increase by 0.82% to US$5.5 billion this year, according to the State Bank of Viet Nam’s branch in HCMC.
Nguyen Hoang Minh, Deputy Director of the central bank’s branch in HCMC said that overseas remittance to the city was about US$ 4.7 billion in the first ten months.
Last April, the World Bank said global remittances were projected to decline sharply by about 20% in 2020 due to the economic crisis induced by the Covid-19 pandemic and shutdown.
It predicted that remittance to Viet Nam could drop by over 7% to US$15.7 billion this year, the first reduction since 2010. However, the country still ranked third in East Asia and Pacific regions in terms of remittance volume, only after China and the Philippines.
By the end of 2019, overseas remittances to Viet Nam totaled US$167 billion.
Source: VGP
Related News
MEMBER CORNER / PROMOTIONS
GOLDEN DEAL, KNOCK-DOWN OFFER
Are you ready for a fun-filled family vacation. Don't miss the super attractive Family Staycation package at Becamex Hotel. 2 days 1 night package with full amenities and free activities: Buffet breakfast, Swimming, tennis, bicycle, gym, sauna, cool ice cream, 300.000 VND service voucher and many other offers! Contact now for detailed advice.
MEMBER CORNER / PROMOTIONS
"BEARY CHRISTMAS" CHARITY PROGRAM
As the Festive Season approaches, Caravelle Saigon, in collaboration with VinaCapital Foundation (VCF), is bringing a heartwarming charitable initiative to life — and we are delighted to invite all HKBAV members to take part in the very first “Beary Christmas” Charity Program. By adopting a Caravelle Bear for VND 299,000 nett, you will be directly supporting children battling cancer in Vietnam through VCF’s Can-Care/Can-Clover Program.
MEMBER CORNER / PROMOTIONS
SOILBUILD INTERNATIONAL WINS “BEST INDUSTRIAL DEVELOPMENT” AWARD FOR SPECTRUM NGHE AN AT THE PROPERTYGURU VIETNAM PROPERTY AWARDS 2025
Soilbuild International is pleased to announce that its project, Spectrum Nghe An, has been awarded Best Industrial Development at the PropertyGuru Vietnam Property Awards 2025, held on 24th of October 2025, in Ho Chi Minh City. The PropertyGuru Vietnam Property Awards is part of the prestigious PropertyGuru Asia Property Awards series, the largest and most respected real estate awards programme in Asia.
MEMBER CORNER / PROMOTIONS
WEBINAR: 2025 VIETNAM KEY TAX FINALISATION, UPDATES ON TAX CHANGES AND GLOBAL MINIMUM TAX
Dear Valued Client,We would like to invite you to our webinars on Friday, 12 December 2025, and Tuesday, 16 December 2025, to review and learn about key 2025 tax finalisation topics and stay ahead with the latest tax changes.
LEGAL UPDATE / POLICY
NEW ECONOMIC POLICIES EFFECTIVE THIS DECEMBER
Government Decree 304/2025, effective December 1, sets stricter conditions for seizing collateral, especially assets that are a borrower’s sole residence or essential work tools. In such cases, lenders must set aside a compensation amount equivalent to six to twelve months of minimum wage. The measure aims to improve transparency in bad debt handling and reduce credit risk in the banking system.
HOSPITALITY / TOURISM / ENTERTAINMENT
QUANG NINH TARGETS VND58 TRILLION IN TOURISM REVENUE
Quang Ninh Province is aiming to generate VND58 trillion in tourism revenue this year after surpassing its goal of 21 million visitors, driven by new tourism products, expanded nighttime activities, and large-scale events. As of mid-November 2025, Quang Ninh had welcomed 21.28 million visitors, up 12% year-on-year. Tourism revenue reached at least VND57 trillion, a 22.46% increase from the same period last year. With its visitor target achieved, the province is now pushing toward its revenue goal of VND58 trillion.
Events Sponsors
