The World Bank (WB) has estimated the volume of remittances sent home by overseas Vietnamese will reach nearly US$9 billion in 2011, slightly higher than last year’s figure.
The sum places Vietnam among top ten countries receiving the largest amount of remittances. The others include India, the Philippines, China, Mexico, Pakistan, Bangladesh, Nigeria, Egypt and Lebanon.
The country has seen a considerable increase in the flow of remittances from US$1.34 billion in 2000 to US$8.26 billion in 2010.
The WB said remittances can help address trade deficit and improve the balance of payment if the receiving countries adopt proper policies to mobilise this source for socio-economic development.
The country has seen a considerable increase in the flow of remittances from US$1.34 billion in 2000 to US$8.26 billion in 2010.
The WB said remittances can help address trade deficit and improve the balance of payment if the receiving countries adopt proper policies to mobilise this source for socio-economic development.
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