Remittance flows to ASEAN fall in Quarter 2 ASEAN

Remittance flows to ASEAN fall in Quarter 2

The amount of money migrant workers in the ASEAN bloc sent home fell in the second quarter of the year amidst the COVID-19 pandemic, in a worrying sign for household incomes and local economies, according to the latest report from the ASEAN+3 Macroeconomic Research Office (AMRO).
Remittances to HCM City merely impacted by COVID-19 Business

Remittances to HCM City merely impacted by COVID-19

Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
Electronics industrial clusters to be piloted Business

Electronics industrial clusters to be piloted

The Ministry of Planning and Investment has instructed localities to review and report on the development of industrial zones with investment projects in the electronics industry with a scale starting from 20 million USD.
Remittances expected to rebound by year’s end Business

Remittances expected to rebound by year’s end

Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.
Viettel Global reports record remittance in Q3 Business

Viettel Global reports record remittance in Q3

The cash flow remittance of Viettel Global – a member corporation of Viettel Group, to Vietnam in the third quarter of the year reached a record level of 86.5 million USD, up 56 percent from the same period last year.
Vietnam - The leadng destination for the new FDI inflows Business

Vietnam - The leadng destination for the new FDI inflows

Until March 2020, Vietnam has attracted 31.665 FDI projects with registered capital of 370,1 billion USD and implemented capital of 215,6 billion USD. Regarding FDI capital in the localities, Ho Chi Minh city 4,5 billion; Hanoi 34,64 billion USD (accounting for 9,4%) and Binh Duong province 34,61 billion USD.
Remittances to Cambodia drop sharply due to COVID-19 ASEAN

Remittances to Cambodia drop sharply due to COVID-19

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns.
Mass mobilisation contributes to socio-economic development Society

Mass mobilisation contributes to socio-economic development

Prime Minister Nguyen Xuan Phuc has lauded achievement in the government mass mobilisation work in 2019, which has contributed to safeguarding legal rights and interests, building trust and high consensus among the public and spurring socio-economic development.
Remittances to Vietnam estimated at 16.7 billion USD Business

Remittances to Vietnam estimated at 16.7 billion USD

Remittance flows into Vietnam are expected to reach 16.7 billion USD in 2019, Vice Chairman of the State Committee for Overseas Vietnamese Affairs (SCOVA) Luong Thanh Nghi cited statistics of the World Bank at a meeting with the press in Hanoi on December 26.
Remittances to Vietnam to further rise in 2019 Business

Remittances to Vietnam to further rise in 2019

Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.