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.
Illustrative photo. (Source: VNA)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./.
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