The information was heard at a seminar held in the city on May 29 by the State Committee for Overseas Vietnamese Affairs of Ho Chi Minh City, in coordination with the State Bank of Vietnam (SBV) Branch in Ho Chi Minh City to seek comments and solutions of overseas Vietnamese intellectuals to effectively attract and optimize remittance resources in the city. According to Nguyen Duc Lenh, Deputy Director of the SBV Branch in Ho Chi Minh City, remittances to the city have always maintained a relative high growth rate and play a crucial role in the city’s socio-economic development. He acknowledged that one of the factors leading to the strong growth of remittances to Vietnam in general, and to the city in particular, is the consistent maintenance of favorable policy incentives. These incentives include tax and fee exemptions for recipients, as well as the availability of increasingly convenient methods for money transfer and receipt. The official noted that the city needs to create … [Read more...] about Ho Chi Minh City seeks ways to attract more remittances