HCM City (VNA), Oct. 10 -- Remittance flows into Ho Chi Minh City in the first nine months of the year were estimated at around 3.8 billion USD, a year-on-year increase of 7 percent.

According to Nguyen Hoang Minh , Deputy Director of the State Bank of Vietnam's Ho Chi Minh City branch, most of the remittances was invested in production and business instead of being poured into real estate, securities or savings.

Minh said remittances to the southern hub could reach 5 billion USD for the whole year.

The amount of remittances often depends on macroeconomic conditions and the situation of overseas workers, as well as services that attract remittances.

Vietnam's macroeconomy has remained stable while the pressure of an increase in the ex...