Ho Chi Minh City

A bar chart showing remittances to Ho Chi Minh City in billion USD from 2018 to 6T2025, with a peak in 2024 and a slight dip in 6T2025.

Remittances to Ho Chi Minh City Reach New Heights

In a positive sign for Vietnam's largest economic hub, Ho Chi Minh City (HCMC) has recorded over $5.23 billion in remittances during the first six months of 2025. This figure represents a modest increase compared to the same period in 2024, when inflows hit approximately $5.2 billion with a sharper 20% growth. According to data from the State Bank of Vietnam's HCMC branch, the steady flow underscores the...

Affordable housing crisis in Ho Chi Minh City with modern high-rise apartments and limited affordable options.

Affordable Housing Crisis in Ho Chi Minh City

Ho Chi Minh City’s real estate market is undergoing a dramatic shift, with affordable apartments priced under $120,000 (approximately 3 billion VND) becoming increasingly scarce. Once a viable option for middle-class buyers, these homes are disappearing as developers pivot to luxury projects. According to VnExpress, 90% of new developments are high-end, with average prices reaching $3,200 per square...