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Remittances set record of US$18.1 billion

According to the World Bank and Global Knowledge Partnership on Migration and Development (KNOMAD), total remittances to Vietnam in 2021 may hit up to $18.1 billion, with about $6.5 - 6.6 billion for HCM City.



According to money transfer companies, remittances mainly come from traditional markets such as the US, Canada, and Australia. However, the proportion of remittances from Asian countries has increased as there are more Vietnamese workers.

Remittances from the traditional markets of the US, Australia, Canada have declined over the years because of the looser relationship between the new generations in Vietnam and overseas Vietnamese in these countries. Moreover, as Vietnam's economy is developing strongly, sending money home is no longer as necessary.

Due to the border policy in many countries which prevented many overseas Vietnamese from returning home to visit their families, they transferred more money to support their families in Vietnam.

Apartment sales in HCM City increase by 6 times

According to DKRA Vietnam, the apartment market in Ho Chi Minh City is in the peak season. In November, 2,431 new apartments were launched on the market and 68% were sold, six times higher than the previous month, and 2.4 times over the same period in 2020.

Over VND20 trillion corporate bonds issued in November

According to the Vietnam Bond Market Association (VBMA), in November 2021, there were a total of 40 private corporate bond issuances in the country, with a total value of VND18,276 billion, plus the issuance of corporate bonds of Vinhomes Joint Stock Company worth VND2,090 billion.

Real estate firms took the lead with VND8,476 billion, accounting for 42% of the total value of corporate bonds issued in the month. Of which, about 59% of issued bonds were secured by shares or were without collateral.

The banking group ranked second with VND7,950 billion, accounting for 39% of the total value of corporate bonds issued in the month.

Vietnam to apply new emissions standards in 2022

According to the Prime Minister’s Decision No 49/2011/QD-TTg on the roadmap for the application of exhaust emission standards, manufactured, assembled and imported brand-new cars in Vietnam will be subject to level-5 exhaust emission standards from January 1, 2022.

Level-4 and level-5 are standards on the testing and limits of pollutants in exhaust gases applicable to manufactured, assembled and imported brand-new motor vehicles. They are equivalent to Euro-4 and Euro-5 limits provided in United Nations Economic Commission for Europe’s technical regulations on motor vehicle exhaust emission or in European Union directives.

With new emission standards in place, cars would become more environmentally friendly, effectively reducing exhaust fumes in the atmosphere. 


Banks warned of risks as they hold large amount of realty bonds

Banks warned of risks as they hold large amount of realty bonds

As major buyers in the market, commercial banks are holding large amounts of corporate bonds, mostly realty bonds. The central bank has issued a warning about the risks with the bonds.

Remittances fuel social security

Remittances fuel social security

Although the Covid-19 epidemic has negatively affected the global economy, the amount of remittances remitted to Vietnam in 2021 is still high. 


Miniature-human sculptures popular with customers

The price of a sculpture ranges from one to five million VND, depending on the difficulty of the model. Eight to 19 ordered products are made per day to guarantee progress as well as the quality of the sculpture for the customer.

Lacquer village outlasts centuries-old craft

Alongside a wide range of products made from natural materials such as wood, bamboo and rattan, the village also has created new gold- and silver-inlaid products made from ceramic, pottery, and composite.

Local firms do business in P2P lending market

P2P Lending has become a hot issue in Vietnam, especially with the participation of Chinese businesses.

Vietnam to hold first cat fish festival soon

Vietnam’s first cat fish festival is scheduled to take place in the southern province of Dong Thap on December 16-17.

Control of bad content on social networks should be tightened

Tik Toker No O No, who criticized the poor, was boycotted by the community and forced to shut down by the authorities. He is not the first Tik Toker that has posted bad content on social networks.

Businesses struggle to keep workers as exports slow

Businesses have been struggling to maintain and support their workers as the Lunar New Year approaches.

Only in Vietnam: Shrimp-chip straws, dragon-fruit noodles

VietNamNet sums up the “odd news” in Vietnam last week.

Vietnam in need of more village-based midwives

Vietnam is in need of village-based midwives as the country has more than 7,000 remote and disadvantaged villages where women do not regularly get antenatal care at medical facilities.

Fuel supply estimated to surge 10-15% in 2023

The Ministry of Industry and Trade has drawn up two scenarios for the minimum fuel supply in 2023, requiring key fuel enterprises to increase the overall figure by 10-15% in 2023, according to the local media.

Da Nang to hire more IT staff to meet digital transformation goals

In the 2022-2025 period, Da Nang needs at least 7,500 more information technology (IT) workers a year and in the 2026-2030 period, the figure is 8,000.

Ho Chi Minh City looks to cash in on new travel trends

Ho Chi Minh City expects to fully exploit bleisure travel - a novel type of tourism combining business travel with leisure time.

A special English class in Hanoi for the older generation

For the past four years, a special English class has been held in Hai Ba Trung District in Hanoi for students 60 to 90 years old.


Strong economic growth creates platform for M&A market


Hanoi Tourism Ao Dai Festival 2022 opens

Use of e-cigarettes by youth rockets with easy availability at shops

Many students and young people have been hospitalized in a deep coma after using e-cigarettes, which are easy to buy.