VOV.VN - A British economist has expressed his optimism about Vietnam’s overall economic growth for the whole year despite the impact the latest COVID-19 wave will have on its next financial quarter.

Vietnamese abroad sent home US$17.2 billion worth of remittances in 2020, making the country the third-largest remittance recipient in the East Asia and Pacific region, said the Migration and Development Brief released by the WB and the Global Knowledge Partnership on Migration and Development.

Ho Chi Minh City received US$1.45 billion of overseas remittances in the first three months of this year, up 10% over the same period last year, reported the city Committee for Overseas Vietnamese Affairs.

VOV.VN - Overseas remittances to Vietnam are projected to fall slightly from US$17 billion last year to more than US$15.6 billion this year, reported the World Bank.

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.