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Tuesday, March 21, 2023 9:27:29 AM - Markets open
VN-INDEX 1,028.62 +5.52/+0.54%
HNX-INDEX 202.44 +0.82/+0.41%
UPCOM-INDEX 76.18 +0.16/+0.21%
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
20/03 Interest rates reduce in all markets in wake of central bank’s policy rate cut
17/03 Central bank must keep a close on the financial market: WB
16/03 Central bank makes first rate cut since 2020 to support economic growth
16/03 Nearly VND36.6 trillion worth of government bonds raised in February
14/03 Bình Dương looks to boost investment bonds with Canadian locality
11/03 VN’s foreign exchange reserves reach US$92.43 billion
06/03 New decree on placement, trading of corporate bonds issued
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25/02 MoF proposes decree amendment to allow bond payment conversions
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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