Friday, December 2, 2022 8:59:24 AM - Markets open
VN-INDEX 1,036.28 0.00/0.00%
HNX-INDEX 211.00 0.00/0.00%
UPCOM-INDEX 71.41 0.00/0.00%
Remittances to HCM City rise by 22.34% in first half of 2021
Vietnam News - 7/13/2021 11:38:07 AM
 (0 ratings. You must sign in to rate.)
Remittances to HCM City topped US$3.2 billion in the first half of the year, a 22.34 per cent increase year-on-year.
 
Nguyễn Hoàng Minh, deputy director of the State Bank of Việt Nam’s HCM City office, said the growth was impressive considering the difficulties posed by the COVID-19 pandemic.
 
The remittances went mainly into manufacturing and other businesses, and ensure there was no foreign currency supply volatility, he said.
 
This year the city is expected to get around $6.5 billion worth of remittances.
 
For many years they have been rising, and the city accounts for half of the country’s remittances.
 
Around two million people hailing from HCM City live abroad, and last year they sent home US$6.1 billion, up 15 per cent from 2019, before the pandemic struck.
 
Banks have been making investments to improve remittance services and launching promotional programmes to attract more of them.
 
Việt Nam received US$17.2 billion worth of remittances last year, the third highest in the East Asia and Pacific.
 
They have grown at an average of 6 per cent annually. — VNS
 
Read original article here
 
Newer News
29/11 VPBank receives loans from large financial institutions, affirming its reputation
29/11 Banks gain big profits from forex trading
29/10 Most banks expect better business performance in 2022
24/10 Challenges for banks in recovering bad debts
13/10 Increased pressure to raise interest rates
07/10 Investors warned of the possibility of corporate bond default
28/09 Commercial banks raise deposit rates after SBV’s adjustment
28/09 Foreign investment disbursement hits record high in nine months
23/09 Reference exchange rate up 8 VND
17/09 MoF proposes to reduce fees by up to 50 per cent to support transport sector
Older News
08/07 Reference exchange rate up 15 VND
07/07 Reference exchange rate remains stable
07/07 Banks report high profit in H1 despite COVID-19
05/07 Reference exchange rate up 6 VND at week’s beginning
01/07 Reference exchange rate continues upward trend
29/06 Reference exchange rate revised up by 8 VND
24/06 Reference exchange rate remains stable
23/06 Reference exchange rate up 7 VND
21/06 Reference exchange rate up strongly at week’s beginning
18/06 Reference exchange rate up 34 VND
 
Newsletter Signup
Top Stories
Banks gain big profits from forex trading
Pharmaceutical firms report positive results in Q3
Petrol prices surge in latest adjustment
Investors worried as speculative stocks plummet
Bank stocks hit by corporate bonds maturity
Market Update
Last updated at 8:54:58 AM
VN-INDEX 1,036.28 0.00/0.00%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.