01-05-2020 08:00
An expected decline caused by the global health crisis in exports and inflows of foreign investment and remittances is likely to weaken Vietnam’s external position this year.
24-04-2020 21:58
Global remittances are projected to drop by 20 per cent in 2020 – the sharpest decline in history because of the economic fallout stemming from the COVID-19 pandemic.
21-04-2020 09:01
The Philippines is likely to lose about 228 billion PHP (4.5 billion USD) this year in remittances from about 10 million overseas Filipino workers (OFWs) due to the COVID-19 pandemic.
03-04-2020 14:00
In past years, inward remittances have made remarkable contributions to Vietnam’s economic growth. Philip Ziter, a lawyer in the Ho Chi Minh City office of US-backed consulting firm Russin & Vecchi, provides analysis on investment opportunities related to blockchain remittances for the nation, as well as policy recommendations.
03-01-2020 11:50
With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances.
17-12-2019 09:04
Remittances to Viet Nam are likely to increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said.
09-04-2019 12:36
Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said on Monday (Apr 8).
04-04-2019 10:42
Remittances to HCM City were estimated to reach US$1.2 billion in the first quarter of this year, according to Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam’s branch in the southern city.
08-02-2019 15:00
Around 4.5 million Vietnamese people are living, working, and studying in over 100 countries and territories around the world, contributing $16 billion in remittances to the country last year. With added global experience and knowledge, overseas Vietnamese devote much for their home nation’s prosperity. Phuong Hao reports.
11-12-2018 13:53
Vietnam was expected to remain one of the top ten remittance receivers in 2018, according to the latest edition of the World Bank’s Migration and Development Brief released last weekend.
15-09-2018 11:17
Vietnam has been listed in the top ten countries receiving the highest overseas remittances worldwide, according to a report jointly conducted by United Nations Development Programme (UNDP) and the Vietnamese Ministry of Planning and Investment.
08-02-2018 11:37
Vietnam’s FX reserves have bolstered up to a massive $57 billion, and given the upcoming divestment of state-owned enterprises, the Year of the Dog promises to bring the nation even more foreign currency notes in the months to come.
07-02-2018 14:28
Over the course of January, the total overseas remittances wired from compatriots to families and relatives living in Vietnam saw a notable increase, especially with Tet Holiday just around the corner, offering domestic banks opportunities to foster overseas remittance wiring services, expand revenue, enhance the stability of the VND, and relieve the pressure on the USD/VND exchange rate.
27-12-2017 14:44
Over the past several years, the foreign remittance inflows sent by over fours million Vietnamese workers living from 187 countries and territories have been steady, despite the Fed’ raising interest rates three times in 2017.
11-12-2017 21:47
The local currency has managed to stay healthy against the greenback so far, while overseas remittances are forecast to be on par with last year. The secret behind the dong’s strength and the dynamics influencing remittance flows for the year are explained by Barry Weisblatt, head of Research at Viet Capital Securities JSC, to VIR’s Trang Nguyen.