In the run-up to Tet (Lunar New Year), the biggest traditional festival of Vietnam, the inflow of remittances sent by overseas Vietnamese to the homeland has been on the rise, fueled further by local banks’ preferential programmes.

VOV.VN - Vietnamese nationals abroad have sent home some US$12.5 billion this year, a year-on-year increase of 10%, according to the State Bank of Vietnam (SBV).

The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittance to Vietnam is estimated at US$18.1 billion in 2021.

The flow of overseas remittances to Ho Chi Minh City reached US$5.1 billion in the first nine months of 2021, up 22% year on year, the State Bank of Vietnam’s Branch in the city has reported.

Oversea remittances to Ho Chi Minh City were worth US$3.2 billion in the first six months of this year, despite the COVID-19 pandemic roiling on many economies around the world.

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.

Remittances to Ho Chi Minh City hit US$2 billion during January-April, up 11%t against the same period last year.

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 - The first quarter of the year witnessed overseas remittances to Ho Chi Minh City increase by 10% year on year to U$S1.45 billion, according to figures released by the municipal Committee for Overseas Vietnamese Affairs.