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Sunday, August 31, 2025 3:35:22 PM - Markets open
VN-INDEX 1,682.21 +1.35/+0.08%
HNX-INDEX 279.98 +3.35/+1.21%
UPCOM-INDEX 111.00 +0.38/+0.34%
Vietnam receives over 17 billion USD in remittances
Vietnam+ - 5/18/2021 3:11:38 PM
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This represents a rise of nearly 3 per cent over 2019, a very positive result compared to the previous forecast in the context of the COVID-19 pandemic.
 
According to the World Bank, Vietnam came after China in remittances, which received 59.5 billion USD, while the Philippines raked in nearly 35 billion USD.
 
With remittances equivalent to 5 percent of the country’s gross domestic product (GDP), Vietnam was among the top 10 countries in the region by the share of GDP.
 
The main drivers for the steady flow included a shift in flows from cash to digital and cyclical movements in oil prices and currency exchange rates, among others./.
 
VNA
 
Read original article here
 
Newer News
28/08 Gold rush follows decree as prices reach record highs
20/08 Rate race tightens as exchange pressures mount
13/08 Banks' net interest margins hit six-year low
08/08 Banks focus on increasing charter capital in second half of year
08/08 Banks accelerate digitalisation, non-cash payments
04/08 Việt Nam targets to launch international financial centres by the end of 2025
01/08 Foreign exchange rate to be affected by US reciprocal tariffs in short term
01/08 SBV raises 2025 credit growth quota to support economic expansion
29/07 Banking sector shifting focus to Vietnamese start-ups
23/07 Việt Nam’s digital asset market attracts major players
Older News
18/05 Reference exchange rates up 10 VND
14/05 Reference exchange rate up 19 VND on May 13
10/05 Daily reference exchange rate down at week’s beginning
05/05 Reference exchange rate continues to rise
26/04 Reference exchange rate down 12 VND at week’s beginning
20/04 Reference exchange rate down 8 VND
15/04 Reference exchange rate down 17 VND
12/04 Reference exchange rate up 4 VND at week’s beginning
08/04 Reference exchange rate down 8 VND on April 8
05/04 Reference exchange rate down 5 VND at week’s beginning
 
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VN-INDEX 1,682.21 +1.35/+0.08%
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