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.
remittance to hcmc reaches 338b in 9 months

Remittance to HCMC reaches $3.38b in 9 months

Overseas remittance flowing into HCM City until the end of September rose 12.5 per cent month-on-month to nearly US$3.38 billion.
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.
real estate market heats up thanks to remittance flow

Real estate market heats up thanks to remittance flow

One fifth of the kieu hoi (overseas remittance) volume in 2015 has gone into the real estate sector, according to the State Bank of Vietnam (SBV).
overseas remittances must be prioritised as investment source conference

Overseas remittances must be prioritised as investment source: conference

The Government should offer incentives to projects funded by overseas remittances, a conference on policies related to remittances heard in HCM City on October 11.
remittances to hcmc reaches 115b in q1

Remittances to HCMC reaches $1.15b in Q1

Remittances to HCM City in the first quarter of this year is estimated to have reached US$1.15 billion, up $250 million against last month.
remittance fluctuations feared despite strong start to the year

Remittance fluctuations feared despite strong start to the year

Despite overseas remittances off to a strong start this year, experts have expressed concerns about "complicated fluctuations" likely at home and abroad.
remittances flow to hcm city

Remittances flow to HCM City

The remittances to HCM City, which is one of the top localities nationwide receiving the largest volume, reached more than US$900 million in the first two months this year.
remittances revive real estate

Remittances revive real estate

  Real estate attracted one-fifth of remittances to Ho Chi Minh City in 2015, signalling a steady revival of the sector.
vietnam a top remittance recipient

Vietnam a top remittance recipient

Viet Nam this year would remain among the top 15 recipients with remittances of roughly US$12.5 billion from Vietnamese living overseas, a World Bank (WB) report says.