building inward remittances in vietnam with blockchain

Building inward remittances in Vietnam with blockchain

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.
remittance soaring to benefit real estate projects

Remittance soaring to benefit real estate projects?

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.
remittances to viet nam to further rise in 2019

Remittances to Viet Nam to further rise in 2019

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.
remittances to developing world hit record in 2018 world bank

Remittances to developing world hit record in 2018: World Bank

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).
remittances to hcm city reach 12 billion in q1

Remittances to HCM City reach $1.2 billion in Q1

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.
bringing know how and technology back home

Bringing know-how and technology back home

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.
vietnam among top 10 remittance beneficiaries

Vietnam among top 10 remittance beneficiaries

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.
overseas remittances heating up for tet holiday

Overseas remittances heating up for Tet holiday

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.
fed hikes show limited impact on overseas remittances

Fed hikes show limited impact on overseas remittances

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.
vnd weathers fed rate hike

VND weathers Fed rate hike

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.
us tightening anticipated minor impact on inward remittances

US tightening anticipated minor impact on inward remittances

US President Donald Trump’s announcement of tightening control over money outflows from the US, gave rise to concerns over possible impacts on inward remittance flows to Vietnam. Financial expert Huynh Trung Minh scrutinises the issue.
overseas remittances under downward pressure

Overseas remittances under downward pressure

Although the amount of remittance flows into Ho Chi Minh City in the first eight months of 2017 slightly increased compared to the same period last year, it is forecasted that the city’s overseas remittances might still decrease by the end of the year, mainly due to pressure from the Federal Reserve System's (Fed) policy.
hcm city remittances worth 21 billion in h1

HCM City remittances worth $2.1 billion in H1

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.

2017’s overseas remittances inflow could decelerate

Vietnam could very well sit back and relax, with total overseas remittance inflows estimated at around $13 billion for 2016, higher than the earlier projection of $11-12 billion – but the stream could slow in 2017.
remittances to hcm city fall by 10 per cent

Remittances to HCM City fall by 10 per cent

Overseas remittances to HCM City this year are expected to reach US$5 billion instead of the expected $5.5 billion.