Hanoi (VNA), April 25 -- Amid a "thirst" for capital of real estate businesses, the strong inflow of remittances is expected to heat up the market again, held insiders.

According to Nguyen Duc Lenh, Vice Director of the State Bank of Vietnam (SBV)'s Ho Chi Minh City branch, in the first quarter of this year, the city received 2.86 billion USD of remittances, up 3.5% over the fourth quarter of 2024 and 35.4% over the same period last year, the highest rise in the recent three years.

Remittances were mostly from Asia with a contribution of 59.1%, representing a surge of 81.1 % year on year, he said.

The official noted that last year, the city also saw a year-on-year rise of 43.3% in remittances to 9.46 billion USD.

Vice Chairman of the ...