Ho Chi Minh City, April 19 -- Remittances to Ho Chi Minh City fell in the first quarter of 2026, reflecting a combination of global economic uncertainties, geopolitical tensions, and seasonal factors, according to the State Bank of Vietnam (SBV)'s Region 2 branch.

Data from the branch showed that remittances transferred through credit institutions and economic organisations in the city exceeded 2 billion USD in the January-March period, down 15.6% from the previous quarter and 16.9% year-on-year.

The downward trend has been evident since late 2025. In the fourth quarter of last year, remittances reached nearly 2.38 billion USD, already marking a 13.3% decline compared to the preceding quarter, before continuing to shrink in early 2026....