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Friday, July 25, 2025 1:19:22 AM - Markets open
VN-INDEX 1,521.02 +8.71/+0.58%
HNX-INDEX 250.67 +1.34/+0.54%
UPCOM-INDEX 105.16 +0.36/+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
23/07 Việt Nam’s digital asset market attracts major players
17/07 Vietnamese banks set for growth on major policy shift
17/07 Central bank to assess compliance of banks in risk management
17/07 Interest rate cut requires a trade-off in foreign exchange rate
11/07 Data is crucial for banking industry to move to new development phase
09/07 Bank credit growth hits two-year high in first half of year
30/06 Central bank resumes issuing bills after four months of suspension
24/06 Overnight interbank interest rate hits 16-month low thanks to abundant liquidity
18/06 Micro, small businesses still face difficulties to access loans despite high credit growth
18/06 Shaping Việt Nam's carbon credit market demands robust institutional framework
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 1,521.02 +8.71/+0.58%
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