return icon

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 roughly reached $12.6 billion in 2021

At the banking conference in late December, SBV Deputy Governor Dao Minh Tu has predicted that remittances to Vietnam would reach $12.5 billion in 2021.

Around 7 per cent of remittances are transferred via financial institutions, 28 per cent are sent through remittance businesses, and 2 per cent are sent over postal services.

Deputy Governor of the SBV Dao Minh Tu claimed that remittances might be a lifesaver for vulnerable people.

Indeed, remittances not only help the local population improve their standard of living, but are also a vital source of funding for the country's economic growth.

Statistics issued by the SBV Ho Chi Minh City branch revealed that remittances to the city exceeded $6.2 billion in the first 11 months of 2021, exceeding $6.1 billion to the city in the whole 2020.

The city is estimated to have received between $6.5- $6.6 billion in remittances in 2021, and is among the biggest receivers in Vietnam, accounting for around 30 per cent of the total amount.

When it comes to holiday spending, employees will be sending a lot more money home than they did in the first half of the year since they've saved all year for the occasion.

Overseas money from Vietnamese expatriates totalled $17.2 billion in 2020, making the nation one of the top 10 remittance recipients in the world.

Source: VIR


89 people killed in traffic accidents during seven-day Tet holiday

A total of 152 traffic accidents occurred nationwide, killing 89 people and injuring 111 others during the 2023 Tet Lunar New Year holiday from January 20-26, reported the Traffic Police Department.

End of Tet holiday marked by high traffic congestion around major cities

In a bid to avoid the congestion, many people opted to return on Wednesday afternoon or Thursday morning.

Water resources planning scheme for 2021-2030 announced

The Ministry of Natural Resources and Environment (MONRE) has announced a water resources planning scheme for the 2021-2030 period with a vision to 2050, which was approved by the Prime Minister in December 2022.

Vietnamese businesses could join global supply chains with sound strategies: experts

A survey conducted by the association showed 63% of Japanese enterprises said they would continue investing in operation expansion in the next 1-2 years, reflecting that investors have great expectations for Vietnam's economic growth.

Ba Ria-Vung Tau welcomes nearly 2,400 international cruise tourists

International cruise ship Mein Schiff 5 with 2,370 tourists docked at SP-PSA port on January 26.


Da Lat faces traffic congestion due to tourist surge


Cashless payments continue to grow in popularity

What is the driving force for economic growth ahead in 2023?

The impressive growth momentum during the past year is expected to be a premise for Vietnam to achieve the growth target of 6.5% in 2023, according to economic experts.

Almost 3,000 tonnes of farm produce exported to China via Lang Son's border gates

Exports of agricultural and fruit products, mainly dragon fruit and mango, reached almost 2,700 tonnes to China through Lạng Sơn Province border gates on January 24, the third day of the Lunar New Year.

Should the personal income tax law be amended before 2026?

While analysts and workers hope the personal income law (PIT) will be amended as soon as possible, the Ministry of Justice (MOJ) says it plans to amend the law in 2026.

Singer Ha Phuong releases three songs, turns fairy in Tet photoshoot

During her visit to Vietnam on the occasion of the Lunar New Year 2023 (Tet), Vietnamese American singer Ha Phuong has released three new songs and an Ao Dai photoshoot.

Stronger FDI inflows expected this year

Despite enduring the long-term impact of the COVID-19 pandemic, Vietnam still managed to attract a large amount of foreign direct investment (FDI) in 2022, with the outlook forecast to be optimistic moving into 2023.

Blockchain technology used in many fields in Vietnam

Vietnam is now among the leading countries using blockchain. Many people often associate blockchain with Gamefi or cryptocurrency, but it is used in many areas.

Hoang Sa exhibition centre affirms national sovereignty

The Hoang Sa exhibition centre in Da Nang City displays and archives historical documents, exhibits and images which testify to Vietnam’s legitimate sovereignty over the two archipelagos.

‘Forest school’ helps spread love for nature

Vietnam is home to a primeval forest described as a “big school” that has helped spread the love for nature for the past nearly six decades.