Big surges in foreign currency and overseas remittance
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The Foreign Currency Management Department of the SBV on December 9 announced that as of late November, the inflow of overseas remittance stood at $7.6 billion, higher than the forecast.
In the last month of 2010, overseas remittance is expected around $770 million, bringing the total figure for the whole year to $8 billion, up 25.6 per cent year-on-year.
In Q1, 2011, during the Lunar New Year festival, the remittance inflow may be on the rise, the Department predicted.
Meanwhile, since the beginning of the year, Vietnam has enjoyed a surplus in FII at approximately $800 million.
The investment disbursement went up 9.9 per cent against the same period last year.
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