Vietnam urged to improve policy to attract more overseas resources

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Báo Thanh Niên English 2 day(s) ago

Vietnam urged to improve policy to attract more overseas resources

Remittances from overseas Vietnamese, often known as Viet kieu, have been a staple of the local economy over the past few decades.

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More remittances to fund property purchases

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Báo Đầu Tư English 2 day(s) ago

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.

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Remittance inflows into Vietnam to increase: experts

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VietnamNet English 3 day(s) ago 2 related news

Remittance inflows into Vietnam to increase: experts

VietNamNet Bridge – Overseas remittances to Vietnam have remained the yearly increase level of US$1 billion since 2011 and hit US$12 billion last year. Experts forecast remittance volume would continue the momentum to hike beyond US$11 billion in the 2015 - 2016 period because overseas Vietnamese have tended to invest in their homeland and labor exports have more and more risen.

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Viet Nam ranked No. 10 for remittances

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VietNam News English 3 day(s) ago 2 related news

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.

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Vietnam ranks 10th worldwide in remittances

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VietnamNet English 6 day(s) ago 2 related news

Vietnam 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.

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More remittances to fund property purchases

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VietnamNet English 1 week(s) ago

More remittances to fund property purchases

VietNamNet Bridge – 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.

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Dollar drain threatens Vietnam’s monetary security

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VietnamNet English 1 week(s) ago

Dollar drain threatens Vietnam’s monetary security

VietNamNet Bridge – The movement of a large amount of money offshore Vietnam over a short time could threaten the country’s monetary security, an expert has said.

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Viet Nam ranks 10th worldwide in remittances

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VietNam News English 1 week(s) ago

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.

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More remittances to fund property purchases

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VietNam News English 1 week(s) ago

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.

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Vietnam loses $33 billion in illegal foreign-currency outflows: expert

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VietnamNet English 2 week(s) ago

Vietnam loses $33 billion in illegal foreign-currency outflows: expert

VietNamNet Bridge – Vietnam has witnessed a drain in foreign currencies over the years, with one expert saying that $33 billion flowed out of the country between 2008 and 2013 because of illegal transfer of funds and embezzlement.

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70pct inward remittances channeled into production: cbank

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Báo Đầu Tư English 2 week(s) ago

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.

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70pct inward remittances channeled into production: cbank

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Báo Tuổi Trẻ English 2 week(s) ago

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.

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Foreign remittances remain robust in 2014

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VOV News English 2 week(s) ago

Foreign remittances remain robust in 2014

(VOV) - International remittances from Overseas Vietnamese (OVs) for 2014 remained strong for 2014 tallying in at US$12 billion from roughly four million transactions, according to the State Bank of Vietnam (SBV).

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Half of remittances channeled into business operations

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VietnamNet English 2 week(s) ago

Half of remittances channeled into business operations

VietNamNet Bridge – Incoming remittances last year stood at around US$12 billion with 46% of it going to production and business operations, nearly 36% to expenses and the remainder to savings and health services, said Vu Hong Nam, Deputy Minister of Foreign Affairs and chairman of the State Committee for Overseas Vietnamese Affairs.

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What are the effects of overseas remittances on the Vietnamese economy?

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VietnamNet English 3 week(s) ago

What are the effects of overseas remittances on the Vietnamese economy?

VietNamNet Bridge – If Vietnam uses overseas remittances to its benefit, they could be a powerful driver in the development of the national economy. Conversely, the economy could be put under pressure if they are not deployed effectively.

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