According to Izumi Devalier from HSBC (Hong Kong and Shanghai Banking Corporation), 70 percent of kieu hoi are poured into business. According to the State Bank, one-fifth of kieu hoi in 2015, or $2.5 billion, flowed into the real estate market. In general, the volume of kieu hoi to HCMC accounts for more than 50 percent of total kieu hoi to Vietnam. Kieu hoi (overseas remittances) to Vietnam unexpectedly decreased in 2016, raising concerns among real estate developers as kieu hoi are an important source of capital for the property market. The State Bank’s HCMC Branch estimated that the real estate market attracted 52 percent of kieu hoi volume in 2014.

Source: VietNamNet News February 09, 2017 07:18 UTC