Remittances to Ho Chi Minh City exceeded $6.87 billion in the first nine months, down 14% from the same period of 2025. A third-quarter recovery narrowed the decline but did not fully offset the earlier weakness, according to the State Bank of Vietnam's Region 2 branch.
Third-quarter inflows improve
Transfers through credit institutions and economic organizations topped $2.8 billion in the third quarter, more than $800 million above the preceding quarter. The recovery followed two consecutive quarterly declines reported at 17% and 28%.
Asia supplied nearly $1.68 billion, or 59%, of third-quarter inflows. The Americas contributed $749 million, or 26%, followed by Europe at $222 million and Oceania at $173 million. These regional amounts and shares describe the third quarter, rather than the entire nine-month total.
The published figures also show 78% of remittances passing through economic organizations receiving and paying foreign currency, with the remainder handled by credit institutions.
Full-year figure remains a forecast
Deputy branch director Trần Thị Ngọc Liên attributed much of the third-quarter recovery to Asia, including the Korean won's appreciation against the dollar and seasonal demand for investment and year-end consumption in Vietnam.
The branch forecasts annual remittances of $9.5 billion–$9.8 billion, below last year's $10.3 billion. That range is an estimate, not completed full-year receipts.
Liên cited slower global growth, a strong dollar and tighter immigration policies in some countries as pressures on overseas Vietnamese employment, income and transfer capacity. The figures therefore show a quarterly rebound alongside a continuing year-on-year decline over nine months, with the final quarter still to determine the annual outcome.