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Wednesday, July 15, 2026 11:29:32 AM - Markets open
VN-INDEX 1,790.82 -15.81/-0.88%
HNX-INDEX 295.71 -1.63/-0.55%
UPCOM-INDEX 126.30 +0.27/+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
25/06 New rules promote sustainable growth of corporate bond market
11/06 Finance minister urges faster reforms as trade deficit, inflation risks grow
08/06 High interest rates cause rising risks for banks with large retail lending
08/06 Việt Nam targets cashless payment value reaching 30 times GDP by 2030
08/06 Ministry proposes taxpayer risk classification, keeping bank data reporting rules
03/06 Overnight rate hits 11 per cent in early June
02/06 SBV moves to scrap gold jewellery licences
29/05 Ministry proposes allowing SMEs to use digital assets as collateral for bank loans
29/05 Gold prices extend losses, bargain hunters keep buying
19/05 Việt Nam's financial sector accelerates digital transformation in new age
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 1,790.82 -15.81/-0.88%
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