HCM City: Overseas remittance in 1st quarter up 18 pct

Overseas remittance to Ho Chi Minh City in the first quarter reached US$964 million, up 18 percent compared to the same period last year, announced the State Bank of Vietnam (SBV).

Vietnam Overseas remittance

This has helped improve the supply of foreign currencies to customers, the bank said.

In the first quarter, commercial banks in HCM City bought more than US$12.3 billion and sold over US$12.2 billion. The buying and selling of US dollars and other currencies almost hung in the balance.

VOVNews

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Posted by VBN on Mar 25 2010. Filed under Banking-Finance, HEADLINES. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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