Hanoi (VNA), April 11 -- Ho Chi Minh City received 1.45 billion USD of overseas remittances in the first three months of this year, up 10 percent over the same period last year, reported the city Committee for Overseas Vietnamese Affairs .

The resource is not only provided funding for local production and business but also added to the city's foreign reserves .

There are currently some 2 million residents in HCM City living overseas.

Last year, the city received 6.1 billion USD in remittances, up 15 percent against 2019.

The exchange rate between the VND and the US dollar has been stable in recent times, so recipients tend to sell them to credit institutions.

Several banks use remittance payment technology and offer services to chang...