overseas remittances

Update news overseas remittances

Remittances to Vietnam hit record high of US$16 billion in 2023

Remittances sent by Vietnamese nationals abroad hit approximately US$16 billion last year, representing a year-on-year rise of 32%, according to the State Bank of Vietnam.

Vietnam among world’s 10 biggest recipients of remittances

Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).

HCM City receives 6.8 billion USD of remittances so far

The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about 6.8 billion USD so far.

Overseas remittances to HCM City reach US$4.78 billion in nine months

The flow of overseas remittances to Ho Chi Minh City stood at an estimated US$4.78 billion during the opening nine months of the year, equal to 68% of the amount recorded in 2021, the State Bank of Vietnam’s branch in the southern city has reported.

Remittances to Vietnam roughly reached $12.6 billion in 2021

The State Bank of Vietnam (SBV) roughly estimated that remittances inflow to Vietnam reached $12.5 billion in 2021.

Remittances to Vietnam up 10% this year to US$12.5 billion

Vietnamese nationals abroad have sent home some US$12.5 billion this year, a year-on-year increase of 10%, according to the State Bank of Vietnam (SBV).

Remittances to HCM City hit all-time high in 2020: US$6.1 billion

Remittances transferred to HCM Cịty last year reached a record US$6.1 billion, an increase of 12 per cent year on year.

Vietnam’s $15.7 billion remittances 9th highest globally

Inward remittances to Vietnam topped US$15.7 billion last year, the ninth highest in the world.

COVID-19 hits remittances to Vietnam

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.

Overseas remittances to Vietnam forecasted to drop by 17% this year

 

Overseas remittances to Vietnam this year have been forecasted to fall by 17% this year due to the Covid-19 pandemic, according to a local economist.

 

Overseas remittances to HCM City on the rise

Overseas remittances to HCM City were estimated to reach $3.45 billion in the first eight months of this year, according to the State Bank of Vietnam’s HCM City branch.

 

How should Vietnam treat overseas remittances?

The newly released World Bank’s “Migrating to Opportunity” report shows that in 2015, ASEAN countries received a total $62 billion worth of overseas remittances. 

Remittance expectations fluctuate for 2016

 VietNamNet Bridge – Despite overseas remittances off to a strong start this year, experts have expressed concerns about “complicated fluctuations” likely at home and abroad.

Remittance inflows into Vietnam to increase: experts

 VietNamNet Bridge – Overseas remittances to Vietnam have remained the yearly increase level of US$1 billion since 2011 and hit US$12 billion last year.

Overseas remittances flows into property market

VietNamNet Bridge – Recipients of overseas remittance are buying land and houses instead of depositing money in banks or keeping the cash, as they believe that real estate prices will climb due to new government policies.

BUSINESS IN BRIEF 1/12

Overseas remittances to hit US$12 billion in 2014; Electronics, appliance sales surge to 1.3 billion USD; Quang Ngai’s Dung Quat economic zone attracts investment flows; Shutdowns exceed 60,000 in 11 months

BUSINESS IN BRIEF 6/9

Overseas remittances continue to increase; Australia business guide released; Housing sector targets middle class; German firms to explore VN market; Construction starts on $575m aluminium plant; Labor export sets new record

BUSINESS IN BRIEF 4/9

 Japan’s growing appetite for restaurant and food sector; Overseas remittances to HCM City hit nearly US$2.8 billion; Economists support PM's speech on closing weak banks; SOEs slow to withdraw from non-core businesses

BUSINESS IN BRIEF 26/6

Vietnam becomes member of int’l timber body; Overseas remittances to HCM City to hit US$2 bil; Giant electronics plant in Binh Duong takes shape; Concerns remain over real estate law

BUSINESS IN BRIEF 25/6

 Leather exports to top US$12 billion; Ho Chi Minh City sees economic recovery; Monthly CPI rises in major cities; ‘Tra fish decree’ remains controversial; High-tech firms unable to meet localization targets