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Search Results: 92 results for keyword "remittances".
Philippines may lose 4.5 billion USD remittances to COVID-19: insider
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.
Building inward remittances in Vietnam with blockchain
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.
Remittance soaring to benefit real estate projects?
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.
Remittances to Viet Nam to further rise in 2019
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.
Remittances to developing world hit record in 2018: World Bank
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).
Remittances to HCM City reach $1.2 billion in Q1
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.
Bringing know-how and technology back home
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.
Vietnam among top 10 remittance beneficiaries
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.
Overseas remittances heating up for Tet holiday
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.
Fed hikes show limited impact on overseas remittances
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.
VND weathers Fed rate hike
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.
US tightening anticipated minor impact on inward remittances
27-09-2017 17:52
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
19-09-2017 09:27
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 $2.1 billion in H1
23-06-2017 10:17
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
25-01-2017 10:08
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.
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