remittances

Update news remittances

Over the past years, Vietnamese overseas have helped improve livelihoods back home with increasingly large remittances, with inflows into the nation expected to continue increasing this year.

Overseas remittances to HCM City up 22 percent despite COVID-19

The flow of overseas remittances to Ho Chi Minh City reached 5.1 billion USD in the first nine months of 2021, up 22 percent year on year, the State Bank of Vietnam’s Branch in the city has reported.

Remittances steady as lenders apply fresh transfer services

Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now.

Overseas Vietnamese: Inseparable part of Vietnam

Immigrants have sent roughly US$75 billion in remittances to the country in the past five years.

Remittances to fall for first time in 11 years

Remittances to Vietnam are set to fall for the first time since 2009 to $15.7 billion this year over Covid-19 impacts.

HCM City receives $4 billion in remittances in nine months

Remittances flows into Ho Chi Minh City reached 4 billion USD in the first nine months of 2020 despite impacts of COVID-19 pandemic, representing a rise of 2 percent over the same period last year, according to a municipal official.

Developing world economies hit hard by coronavirus

The Covid-19 pandemic is badly damaging developing countries' economies in a number of ways.

High level of overseas remittances shows confidence in Vietnam’s economy

The amount of overseas remittances, or ‘kieu hoi’ as called by Vietnamese, continues to increase, which shows that people see great business opportunities in the country.

Remittance soaring to benefit real estate projects?

With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances.

Monthly remittances exceed earnings of low-income VN households by 10 times

As global remittances hit record highs, a new report by UniTeller of low-income adults in Vietnam reveals the value of monthly remittances from family and friends working abroad now averages ten times of the monthly incomes of recipients.

 

Vietnam a top remittance recipient

VietNamNet Bridge – Viet Nam this year would remain among the top 15 recipients with remittances of roughly US$12.5 billion from Vietnamese living overseas, a World Bank (WB) report says.  

Vietnam ranks 10th worldwide in remittances

 Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.

BUSINESS IN BRIEF 26/1

Vietnam to export more fruits; First Lexus dealership in Hanoi makes debut; Vinatex prepares material sources for subsidiaries; Remittances to HCM City top US$5 billion; Vietnam needs US$30 billion for green growth

Remittances to HCM City top $5 billion

 VietNamNet Bridge – Vietnamese living abroad remitted over US$5 billion to HCM City last year, 4.2 per cent higher than in 2013, according to figures released at a meeting held by the city's Committee for Overseas Vietnamese yesterday, Jan 21.

BUSINESS IN BRIEF 2/8

 Infrastructure projects awaiting new Japanese ODA; CPI for August to inch up 0.2%; FDI tourism zone licenses revoked; HCM City remittances reach US$2.4 billion ahead of peak season; Auto imports hit three-year highs

BUSINESS IN BRIEF 17/4

 Vietnam in global top 10 for foreign remittances; Vietnam wins rice export contract to Philippines; Switzerland backs Vietnam business reforms; Dung Quat Oil Refinery sets new safety record

Vietnamese remittances to reach $10.6bil this year

 VietNamNet Bridge – Viet Nam remains one of the world's top 10 remittance-receiving countries, with remittances from overseas Vietnamese this year estimated at US$10.6 billion, up 6.5 per cent compared with last year,