vietnam in global top 10 for foreign remittances

Vietnam in global top 10 for foreign remittances

The World Bank (WB) has announced Vietnam is among the top ten overseas remittance recipients in the world, receiving US$11 billion last year alone.
remittances revive real estate

Remittances revive real estate

Property developers are eyeing the remittances overseas Vietnamese traditionally send before Tet (the Lunar New Year).
vietnam remittances top 11 bln half go to hcmc

Vietnam remittances top $11 bln, half go to HCMC

Vietnam received a remittance flood of US$11 billion in 2013, and 50 percent of the sum was dedicated to recipients in Ho Chi Minh City.
overseas remittances likely to hit us 11 billion

Overseas remittances likely to hit US$11 billion

Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion.
gso expert evaluates remittance success

GSO expert evaluates remittance success

In the latest forecast from the State Bank of Vietnam (SBV), remittances into the country are likely to hit $11 billion this year, rising healthily against $9.75 billion last year. This would bring total remittances for the last 20 years to $84 billion.
city receives flood of remittances

City receives flood of remittances

Inward remittances via HCM City banks topped US$3.7 billion in the first 10 months of the year, and are expected to reach $4.8 billion this year, according to the State Bank of Viet Nam's HCM City branch.
soaring remittances expected to excel in q4

Soaring remittances expected to excel in Q4

Remittances to Vietnam are continuing to gain momentum.
vietnam in top 10 overseas remittance recipients

Vietnam in top 10 overseas remittance recipients

Vietnam is expected to receive US$11 billion in overseas remittances in 2013, ranking it among the World Bank’s (WB) 10 leading remittance recipients in the world.
inbound remittances to hit new record

Inbound remittances to hit new record

Vietnam is forecast to receive between $4.5-4.8 billion worth of overseas remittances this year - the figure that will remarkably surpass the $4.1 billion level of 2012.
new rules on remittances of profits overseas

New rules on remittances of profits overseas

Regulations restricting remittances of profit overseas are of considerable concern to foreign investors. Which makes it surprising that no new regulations have been issued to govern this topic since the approval of the Law on Investment back in 2005 – leading to a situation of "new law, old guidance".
vietnam second in southeast asia remittance ranking

Vietnam second in Southeast Asia remittance ranking

Vietnam ranked second in the Southeast Asian region for overseas remittance with $10 billion in 2012, according to the latest report issued by the World Bank (WB).
foreign remittances estimated at 10bn

Foreign remittances estimated at $10bn

Last year’s overseas remittances into Vietnam have been calculated between $9.5 billion and $10 billion, considerably exceeding the total of $9 billion for 2011.
remittances flowing into nation at a fast pace

Remittances flowing into nation at a fast pace

Remittances into Vietnam this year are flowing strongly with the Tet lunar new year holiday approaching, despite the gloomy global and domestic economy.
remittances to turn heads

Remittances to turn heads

Remittances sent to Vietnam this year are expected to substantially exceed last year’s total of $9 billion.
a warm homecoming for viet kieu

A warm homecoming for Viet Kieu

However, there is also another important resource from Viet Kieu, namely their intelligence. Overseas Vietnamese people are working in the US’ NASA, Boeing and big hospitals in France, Canada, Japan and Australia.