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Remittances to Vietnam’s Ho Chi Minh City up 37 pct in 1st half of year

HANOI, July 25 (Xinhua) — Remittances to southern Vietnam’s Ho Chi Minh City surged 37 percent in the first half of 2023, reaching a total of 4.33 billion U.S. dollars, local media reported on Tuesday, citing the State Bank of Vietnam (SBV).

This growth in remittances to the city can be attributed to a stable domestic exchange rate and inflation, which have remained steady despite the high inflation rates exper