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".
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.
overseas remittances to vietnam rise again

Overseas remittances to Vietnam rise again

The World Bank (WB) has estimated that the volume of remittances sent home by overseas Vietnamese will reach nearly $9 billion in 2011, slightly higher than the figure last year.
sluggish real estate market poses financial risks

Sluggish real estate market poses financial risks

A slowdown in the real estate market together with a decrease in FDI investment and overseas remittances are threatening Vietnamese financial markets.
remittances flood into the country during 2011

Remittances flood into the country during 2011

Inward remittance will possibly be more fruitful in the remaining months of the year as that is when overseas Vietnamese send money home to their relatives.
remittances tumble amid instability

Remittances tumble amid instability

Overseas remittances into Vietnam saw a decline in the past months on the back of economic vulnerabilities.
new dollar rates wont affect remittances

New dollar rates ‘won't affect remittances'

The lower interest rates will not affect the inflow of remittances by Vietnamese abroad, the Vietnam Association of Financial Investors has assured.
more cash pours in from overseas vietnamese

More cash pours in from overseas Vietnamese

The World Bank predicts inward remittances will increase by more than 6 per cent this year, based on the amount of last year.
strong remittance flows for 2010

Strong remittance flows for 2010

Overseas remittances to Vietnam this year are forecasted to beat last year’s figure.

Foreign reserves keep growing

Overseas remittances and foreign investment inflows picked up in November, helping ease pressure on foreign currency reserves, the State Bank of Viet Nam said yesterday.
overseas remittances forecasted at 72 bil in 2010

Overseas remittances forecasted at $7.2 bil. in 2010

In 2010, Vietnam expects to receive $7.2 billion of overseas remittances, up $400 million against last year.
remittances help to fortify foreign exchange levels

Remittances help to fortify foreign exchange levels

Vietnam has enjoyed a big surge in overseas remittances, on the back of a positive global economy, helping it secure forex levels.