Contrary to all predictions, overseas remittances to Vietnam in 2017 increased by 10.4%, estimated at over US$10 billion.
Overseas remittances to Ho Chi Minh City through official channels in the first eight months of 2017 were estimated at US$3 billion, a year-on-year increase of 5%, sourced mostly from the US and Europe.
Ho Chi Minh City attracts the largest amount of overseas remittances among all cities and provinces in Vietnam, and it is working on how to optimise this source of capital.
Overseas Philippine workers sent home US$2.6 billion in August, a surge of 16% year on year, according to bank sources.
Overseas remittances transferred to Ho Chi Minh City reached US$ 2.5 billion in the past seven months, representing a 4.16% rise year on year.
The Committee for Overseas Vietnamese Affairs (COVA) in Ho Chi Minh City has been making the best of resources provided by Vietnamese people abroad in building the city and the nation as a whole.
Despite overseas remittances off to a strong start this year, experts have expressed concerns about “complicated fluctuations” likely at home and abroad.
(VOV) - A new policy allowing foreigners to invest in real estate is forecast to attract higher overseas remittances in 2015.
(VOV) -Banks predict that remittances from overseas Vietnamese will reach US$12 - 13 billion this year.
(VOV) -Overseas remittances to HCM City-based banks grew by 11.6% in the first nine months of the year to US$3.12 billion, according to the State Bank of Vietnam’s HCM City branch.
(VOV) -Overseas remittances to Ho Chi Minh City are estimated at US$ 2.75 billion during the first eight months of 2014, a year-on-year increase of 6.2%.
Overseas remittances to Ho Chi Minh City over the past six months of the year are estimated to reach US$2 billion, equaling the figure of the same period last year, according to the State Bank of Vietnam’s branch in Ho Chi Minh City.
(VOV) -Overseas Vietnamese (OV) remittances back to the homeland are expected to remain strong throughout 2014,thanks to the solid economic recovery underway in many countries like the US, Canada and Australia.
(VOV) - Overseas remittances have grown 10-15% annually, reaching nearly US$11 billion in 2013 alone, accounting for nearly one tenth of the country’s GDP and making Vietnam one of the top recipients in the world.
(VOV) - The World Bank (WB) has announced Vietnam is among the top ten overseas remittance recipients in the world, receiving US$11 billion last year alone.
(VOV) - Vietnam is striving to improve upon its strategic human resource management to more effectively tap into and utilise the knowledge and experience of Overseas Vietnamese (OV).
(VOV) - Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion.
World Bank forecast Vietnam's overseas remittances this year will hit US$11 billion, bringing the country to 9th position in the top 10 countries in the world.
Overseas remittances to Vietnam through banks in Ho Chi Minh City hit US$1.9 billion in the first half of this year, 3 percent higher than the same period last year.
(VOV) - Vietnam attracted more than US$10 billion in remittances from overseas last year, ranking 7th globally, announced Foreign Minister Pham Binh Minh.