HCM City receives US$2.1 bln in remittances in first half

The overseas remittances sent to Ho Chi Minh City through official channels reached US$2.1 billion in the first half, a year-on-year increase of 1%.

Deputy Director of the State Bank of Viet Nam in Ho Chi Minh City Nguyen Hoang Minh stated that the remittances were mainly from the U.S. (accounting for 60%) and the Europe (around 19%).

*The Chairman of Ho Chi Minh City's People's Committee has approved Singapore's UOA Investments PTE company to invest around VND1,001 billion (equivalent to US$45.7 million) in developing an office tower in the city.

The project, located on the land area of nearly 3,000 square meters with the total construction area of 37,425 square meters, will be built in District 7.

In the first half of 2017, the real estate sector ranked second in attracting the Foreign Direct Investment in Viet Nam with US$461 million in 39 projects.

Source: Online Newspaper of the Government of the Socialist Republic of Vietnam