ho chi minh city receives 52 billion in remittances in h1

Ho Chi Minh City receives $5.2 billion in remittances in H1

Remittances to Ho Chi Minh City surged nearly 20 per cent in the first half of the year, reaching approximately $5.2 billion.
revised land law expected to drive remittances to real estate market experts

Revised Land Law expected to drive remittances to real estate market: Experts

The Land Law (revised), which expands land use rights for overseas Vietnamese (OV) and Vietnamese citizens residing abroad, meets the aspirations of OVs and contributes to mobilising investment resources to Vietnam at the same time, said Nguyen Duc Hieu, standing member of the National Assembly (NA) Economic Committee.
remittances soar for lunar new year 2024

Remittances soar for Lunar New Year 2024

The positive growth trend of remittances during festive seasons 2024 contributes to the stability of exchange rates, the foreign exchange market, and economic growth in Ho Chi Minh city.
revised rules set to expand options for overseas nationals to own property

Revised rules set to expand options for overseas nationals to own property

New laws for next year are expected to help increase remittances into Vietnam, particularly towards the real estate sector.
remittances play key developmental role

Remittances play key developmental role

The country is estimated to have received a rise in remittances from overseas Vietnamese people in 2023, with Ho Chi Minh City taking the lead.
inward remittance likely to spike towards year end

Inward remittance likely to spike towards year-end

Inward remittances have managed growth momentum in the year to date and this trend is expected to linger towards the year-end, particularly before the upcoming holidays.
ho chi minh city records a 37 per cent increase in remittances

Ho Chi Minh City records a 37 per cent increase in remittances

Despite many countries facing economic slowdowns and high unemployment, remittances to Ho Chi Minh City experienced an upward trend in the first half of 2023.
remittances to hcm city likely to hits 7 billion usd in 2023

Remittances to HCM City likely to hits 7 billion USD in 2023

Remittances to Ho Chi Minh City are expected to reach 7 billion USD in 2023, an annual increase of about 6-7 per cent.
inspiring inward remittances despite challenging 2022

Inspiring inward remittances despite challenging 2022

Vietnam saw stable inward remittance flow until the end of last year despite the global economic recession and spiking inflation around the world.
dynamism underlined for vietnams export economy

Dynamism underlined for Vietnam’s export economy

The relationship between the growth of domestic content of exports and other output growth is quite close. Balance of payments constraint and economic growth are based on numerous factors. Countries need dollars to pay for essential imports and to meet payments obligations associated with interest payments on debt and profits of foreign companies. Countries receive dollars for their net exports, profits from or interest on assets held abroad, remittances, inward investment, and foreign borrowing.
cash flows into overseas vietnamese homeland continue to support its rise

Cash flows into overseas Vietnamese homeland continue to support its rise

Over the past years, Vietnamese overseas have helped improve livelihoods back home with increasingly large remittances, with inflows into the nation expected to continue increasing this year.
india seizes 725m from chinas xiaomi over illegal remittances

India seizes $725m from China's Xiaomi over 'illegal' remittances

India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday.
mb promotes investment assistance for vietnamese expatriates

MB promotes investment assistance for Vietnamese expatriates

Military Commercial Joint Stock Bank (MB) serves as a critical credit institution, offering comprehensive financial and investment guidance to Vietnamese expatriates living and working abroad.
remittances to vietnam roughly reached 126 billion in 2021

Remittances to Vietnam roughly reached $12.6 billion in 2021

The State Bank of Vietnam (SBV) roughly estimated that remittances inflow to Vietnam reached $12.5 billion in 2021.
banks enable smooth remittances

Banks enable smooth remittances

Local banks are tapping into significant huge overseas cash as Vietnam continues to maintain its growth momentum among the world’s largest remittance beneficiaries.