Vietnamese abroad sent home some 12.5 billion USD this year, a year-on-year increase of 10 percent, Standing Deputy Governor of the State Bank of Vietnam Dao Minh Tu told the Vietnam News Agency in a press conference on December 28.
Hanoi (VNA) – Vietnamese abroad sent home some12.5 billion USD this year, a year-on-year increase of 10 percent, Standing Deputy Governor of the State Bank of Vietnam Dao Minh Tu told the Vietnam News Agency in a pressconference on December 28.
These are official numbers which must be used in reports, Tuemphasised.
About 28 percent of the remittances to Vietnam was sentthrough international money transfer companies, 7 percent via credit institutionsand 2 percent by post, he said.
The official said though Vietnamese livingoverseas have been also struggling due to impacts of COVID-19, they remaineddevoted to the homeland, affirming that remittances is an important source of capital for Vietnam at this time./.
Oversea remittances to Ho Chi Minh City were worth 3.2 billion USD in the first six months of this year, despite the COVID-19 pandemic roiling on many economies around the world.
The flow of overseas remittances to Ho Chi Minh City reached 5.1 billion USD in the first nine months of 2021, up 22 percent year on year, the State Bank of Vietnam’s Branch in the city has reported.
The World Bank (WB) and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that the amount of remittances to Vietnam in 2021 could reach 18.1 billion USD, continuing to increase compared to 2020.
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Illustrative photo. (Source: VNA)
