Remittances to Vietnam up 10 percent this year

Illustrative photo. (Source: VNA)

Hanoi (VNA) – Vietnamese abroad sent home some 12.5 billion USD this year, a year-on-year increase of 10 percent, Standing Deputy Governor of the State Bank of Vietnam Dao Minh Tu told the Vietnam News Agency in a press conference on December 28.

These are official numbers which must be used in reports, Tu emphasised.

About 28 percent of the remittances to Vietnam was sent through international money transfer companies, 7 percent via credit institutions and 2 percent by post, he said.

The official said though Vietnamese living overseas have been also struggling due to impacts of COVID-19, they remained devoted to the homeland, affirming that remittances is an important source of capital for Vietnam at this time./.

VNA