overseas remittance

Update news overseas remittance

Overseas Vietnamese want Viet Kieu-invested bank in Vietnam

VietNamNet Bridge - Analysts believe that the current conditions for the establishment and operation of a Viet Kieu-invested bank in Vietnam are more favorable than 25 years ago.

More banks set up remittance companies

VietNamNet Bridge - Three more commercial banks, namely OCB, Vietcombank and Bac A Bank, have announced they will set up subsidiaries specializing in providing kieu hoi (overseas remittance) services. 

Vietnamese banks compete with foreign banks for overseas remittance service

VietNamNet Bridge - Vietnam is one of the biggest kieu hoi (overseas remittance) recipients in the world. But most profits from overseas remittance services go to foreign institutions’ pockets. 

BUSINESS IN BRIEF 30/12

 Danang suggests bond issuance; Number of SOEs halved after 13 years; Overseas remittance to HCMC estimated at US$4.8 billion in 2013; FDI sector witnesses large trade surplus; Public debt may account for over 98% of GDP

70 percent of overseas remittance put into business

 VietNamNet Bridge – Vietnam has been one of the 10 biggest overseas remittance receivers in the world, despite the economic difficulties in recent years.

Vietnam ranks ninth in the world for overseas remittances

VietNamNet Bridge - With $10 billion of overseas remittances in 2012, Vietnam is listed in the top 10 countries that attracted the highest overseas remittances in the world, according to the World Bank.

BUSINESS IN BRIEF 9/2

Samsung’s second plant to take shape in Vietnam; Clothing exports surge by 28 percent; Vietnamese seafood gains firm foothold in US; No price hike during Tet; VND16.9 trillion invested in power transmission

BUSINESS IN BRIEF 6/2

Businesses in frenzy to complete orders for Tet; Overseas remittances pour into real estatel; State-owned firms under public scrutiny; Shrimp export up five-fold in Bac Lieu

800 overseas Vietnamese entrepreneurs to group up in HCM City

VietNamNet Bridge – On January 28, the Overseas Vietnamese Business Club (OVBC) and the Overseas Vietnamese Association in Ho Chi Minh City will host the first meeting in 2013 with 800 overseas Vietnamese businessmen.