Latest News and Information from Vietnam

  • Banks offer money transfer promos

    04 February 2016

    Commercial banks have put on many promotional programmes for their money transfer services leading up to Tet (Lunar New Year) holiday. According to online newspaper VnExpress, incoming remittances normally grow prior to the traditional Tet holiday, so many banks including DongA Bank, Vietcombank, V... Read more ›

  • Remittances to Ho Chi Minh City hit $2.42 bil in Jan-July

    20 August 2015

    Overseas remittances to Ho Chi Minh City rose 12 percent year-on-year in the first seven months thanks partly to an increased interest in the property market from overseas Vietnamese, local media reported. A source from the central bank's branch in the city said remittances to the city climbed to U... Read more ›

  • Overseas Vietnamese drive housing market

    24 June 2015

    Huge investments in housing by the Overseas Vietnamese community have helped the market pick up steam. Le Hoa My of HCM City's District 10 said her husband, who works for a wood processing company in China, remits home some $30,000 annually. Seeing that interest rates on dong deposits have gone dow... Read more ›

  • VIETNAM PRESS-Jan-Apr remittances to Ho Chi Minh City at $1.4 bln - Tuoi Tre

    26 May 2015

    Overseas remittances sent to Ho Chi Minh City alone in the first four months of 2015 rose 19.6 percent from a year ago to $1.4 billion, the Tuoi Tre (Youth) newspaper reported, citing a central bank official in the city. The full-year value in 2015 is forecast at $5.3 billion to $5.5 billion, based... Read more ›

  • Bridging the divide: Modern Vietnam and its diaspora

    30 April 2015

    Hundreds of thousands of refugees fled Vietnam in 1975 after the end of the war, but as the country marks 40 years of peace and reunification on Thursday (Apr 30), it has also seen the homecoming of many who left, and their children. HO CHI MINH CITY: Hundreds of thousands of refugees fled Vietnam ... Read more ›

  • Vietnam ranks 10th worldwide in remittances

    24 February 2015

    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.Research results from the Central Institute for Economic Management (CIEM) rev... Read more ›

  • 70pct inward remittances channeled into production: cbank

    11 February 2015

    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. Vietnam now has about 4 million overseas Vietnamese living abroad. Th... Read more ›

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

    03 February 2015

    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. A recently released report by the Central Institute of Economic Management (CIEM... Read more ›

  • Vietnam Highlights Overseas Community Remittances

    29 January 2015

    Hanoi, Jan 27 (Prensa Latina) Remittances of Vietnamese people leaving abroad represent for the country 12 billion dollars income for the country in 2014, noted today the Deputy Foreign minister, Vu Hong Nam.He asserted that the overseas community had made important contributions to the national dev... Read more ›