Business

Remittances to Vietnam up 10 percent this year

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.
Remittances to Vietnam up 10 percent this year ảnh 1Illustrative photo. (Source: VNA)
Hanoi (VNA) – Vietnamese abroad sent home some12.5 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 pressconference on December 28.

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

About 28 percent of the remittances to Vietnam was sentthrough international money transfer companies, 7 percent via credit institutionsand 2 percent by post, he said.

The official said though Vietnamese livingoverseas have been also struggling due to impacts of COVID-19, they remaineddevoted to the homeland, affirming that remittances is an important source of capital for Vietnam at this time./.
VNA
#remittances to Vietnam #remittances #Standing Deputy Governor of the State Bank of Vietnam Dao Minh Tu #Vietnam #Vietnam News #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnam’s remittances to reach 18.1 bln USD

Vietnam’s remittances to reach 18.1 bln USD

The World Bank (WB) and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that the amount of remittances to Vietnam in 2021 could reach 18.1 billion USD, continuing to increase compared to 2020.

See more

Vice Chairman of the Dong Nai provincial People's Committee Duong Minh Dung replies to FDI enterprises' concerns at the meeting. (Photo: VNA)

Dong Nai holds dialogue with FDI enterprises to ease difficulties

At the event, businesses raised concerns related to value-added tax refunds, increased land rental costs, reduced LNG supply, labour shortages, the issuance of construction ownership certificates, and environmental hygiene and traffic safety on roads within industrial zones.

President of the Vietnam-Canada Business Association (VCBA) Eastern Chapter Chung Vinh. (Photo: VNA)

Vietnam-Canada Business Association expands operation

The establishment of the Eastern Chapter not only marks a significant step in the Vietnam-Canada Business Association's growth but also addresses the rising demand for networking and collaboration among Vietnamese and Canadian entrepreneurs in the region.

An overview of the discussion on developing financial centres in Vietnam. (Photo: VNA)

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

Financial experts expressed their willingness to share knowledge, expertise, and support Vietnam’s access to vital capital, while as assisting Vietnam in training and recruitment of highly skilled financial professionals to ensure the swift and effective development of the financial centres. Additionally, they committed to connecting Vietnamese businesses with German and international investors.

A port in California of the US (Photo: Xinhua/VNA)

Vietnam attends WTO session on removing technical barriers to trade

The Vietnamese delegation is closely tracking all Specific Trade Concerns, with a keen interest on rules impacting Vietnam’s key and potential exports at the regular session of the World Trade Organisation (WTO) Committee on Technical Barriers to Trade (TBT Committee) in Geneva, Switzerland from March 25-28.

The ICON e: (Photo: Honda Vietnam)

Honda Vietnam rolls out first domestically produced electric scooter

The ICON e: is specifically designed for high school students, a young and dynamic demographic seeking safe and convenient mobility. The scooter comes equipped with advanced safety features, including a fire- and water-resistant lithium-ion battery, a combined braking system (CBS), LED lighting for enhanced visibility, and a spacious storage compartment. It is expected to launch in the Vietnamese market in April.

A buyer searches for food products at the fair. (Photo: VNA)

Third Vietnam Outstanding Export Products Fair opens in HCM City

It features nearly 750 booths showcasing a wide range of goods and services like agricultural products, foods and seafood, handicrafts, souvenirs, regionally distinctive goods, textiles, footwear, supporting industries, and food processing, packaging, and preserving technologies.