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Thursday, May 29, 2025 12:10:59 AM - Markets open
VN-INDEX 1,341.87 +2.06/+0.15%
HNX-INDEX 223.56 +1.77/+0.80%
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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
 
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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
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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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