inward remittances show rosy prospects

Inward remittances show rosy prospects

Nguyen Hoang Minh, deputy director of the Ho Chi Minh City branch of the State Bank of Vietnam, shares with VIR’s Thuy Vinh the city’s inward remittance picture during January-May and its growth perspective in 2015.
more remittances to fund property purchases

More remittances to fund property purchases

Viet Nam is expected to see rising remittances enter the property market, following the amended housing law that allows Viet Kieu (overseas Vietnamese) to own a house in the country.
viet nam ranks 10th worldwide in remittances

Viet Nam ranks 10th worldwide in remittances

Viet Nam was among the top 10 countries in the world with the largest amount of remittances from abroad last year, with around US$12 billion, according to the Western Union company, which handles money transfers worldwide.
70pct inward remittances channeled into production cbank

70pct inward remittances channeled into production: cbank

Vietnam received about US$12 billion worth of inward remittances last year, most of which has been invested in production and business activities, according to the State Bank of Vietnam at a recent conference in Ho Chi Minh City.
vietnam remittances top 12 bn in 2014

Vietnam remittances top $12 bn in 2014

During the course of 2014 Vietnamese citizens residing overseas remitted $12 billion, 46 per cent of which was used as investment capital with the remainder sent to relatives.
moneygram donga bank to deliver remittances to customers door

MoneyGram, DongA Bank to deliver remittances to customers' door

MoneyGram and its strategic partner Viet Nam DongA Bank yesterday (Jan 27) launched a new service that will deliver remittances to the homes of the recipients.
vietnam expects big remittances in 2015

Vietnam expects big remittances in 2015

Remittance inflows into Vietnam are expected to continue increasing this year, as overseas Vietnamese look to put their savings to work.
remittances to help thaw the residential market

Remittances to help thaw the residential market

Real estate projects are expected to attract remittances from overseas Vietnamese, as the market revives and conditions become more favourable.
record high overseas remittances

Record high overseas remittances

In recent years, Vietnam is one in ten countries receiving the largest amount of overseas remittances and in 2015 alone, the overseas remittances is estimated to reach between $13 billion to $14 billion according to the State Bank.
survey charts overseas remittances

Survey charts overseas remittances

Most overseas remittances to Viet Nam have been used for meeting daily expenses and for purchasing gold, according to the Central Institute for Economic Management (CIEM).
remittance grey market thrives towards year end

Remittance ‘grey market’ thrives towards year-end

Remittances are pouring into Vietnam towards the year’s end, but most of this money is bypassing the official banking sector.
city remittances hit 44b

City remittances hit $4.4b

Overseas Vietnamese's remittances via commercial banks and economic organisations in HCM City in the first 11 months of the year was estimated at US$4.4 billion, according to the HCM City branch of the State bank of Viet Nam (SBV).
remittances could total 5b in city

Remittances could total $5b in City

HCM CITY - Remittances by overseas Vietnamese through banks and other official channels to HCM City could reach US$5 billion this year, an increase of $1 billion from last year, according to the State Bank of Viet Nam.
overseas remittances continue to increase

Overseas remittances continue to increase

HCM CITY - Overseas Vietnamese have remitted nearly US$2.8 billion through HCM City-based banks in the first eight months of this year, 6.2 per cent higher than in the same period last year, according to the deputy head of the State Bank of Viet Nam's city branch.
hcm city remittances reach 24b ahead of peak season

HCM City remittances reach $2.4b ahead of peak season

Overseas remittances to HCM City in the first seven months reached US$2.42 billion, representing a year-on-year increase of 5.2 per cent.