Tag: remittances
Remittances to Vietnam hit record high of US$16 billion in 2023
VOV.VN - Remittances sent by Vietnamese nationals abroad hit approximately US$16 billion last year, representing a year-on-year rise of 32%, according to the State Bank of Vietnam.
Vietnam among top 10 recipients of overseas remittances in 2023
Despite a challenging global economic landscape, Vietnam continues to stand resilient as one of the top 10 recipients of overseas remittances worldwide, with an estimated US$14 billion last year, according to the World Bank’s Migration and Development Brief and the Global Knowledge Partnership on Migration and Development (KNOMAD).
Remittances to Vietnam rise sharply over global uncertainties
VOV.VN - Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.
Overseas remittances to HCM City up 35% in 2023
The flow of overseas remittances to Ho Chi Minh City is estimated to reach about US$8.92 billion in 2023, up 35% year on year, said Deputy Director of the State Bank of Vietnam (SBV)’s Branch in HCM City Nguyen Duc Lenh.
Plan to maximise OV resources for national development
The Prime Minister recently approved a plan on bringing into play resources of overseas Vietnamese (OVs) to serve national development in the new context.
Remittance flows forecast to increase in year-end months: experts
Remittances to Vietnam has been on the rise since the outset of 2023, and will continue to increase in the remaining months of the year, especially ahead of the traditional Lunar New Year (Tet holidays), according to experts.
Nine-month overseas remittances to HCM City up 40% on-year
VOV.VN - Ho Chi Minh City made US$6.687 billion in overseas remittances during the first nine months of the year, an annual rise of 40% and 1.3% more than all of 2022, according to the local branch of the State Bank of Vietnam (SBV).
Overseas remittances to Ho Chi Minh City hit US$4.4 billion in first half
VOV.VN - Overseas remittances to Ho Chi Minh City during the first half of the year stood at an estimated US$4.4 billion, equivalent to 66% compared to 2022’s figure, according to the latest report released by the Ho Chi Minh City People's Committee.
HCM City seeks ways to attract more remittances
The southern largest economic hub of Ho Chi Minh City is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period and maintains this rate in 2025-2030.
Remittances to HCM City likely to hit US$7 billion in 2023
Remittances to Ho Chi Minh City are expected to reach US$7 billion in 2023, an annual increase of about 6-7%.
