Latest News about remittances
Immigrants have sent roughly US$75 billion in remittances to the country in the past five years.
The Covid-19 pandemic is badly damaging developing countries' economies in a number of ways.
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.
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.
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.