Overseas Remittance to Vietnam Hit Record High
The amount of overseas remittance to Vietnam is forecast to hit a record high of US $9 billion, up $1 billion against last year, according to the World Bank (WB).
The WB said Vietnam remains one of 16 nations which have received the largest amounts of overseas remittance in the world.
The figure will continue to rise with the growing volume of oversea remittance transferred to Vietnam through banking systems.
Over the past two years, despite global economic difficulties, Vietnam has seen a strong inflow of overseas remittance from the US, Canada, Australia and other markets such as Malaysia, Taiwan and Japan.
In the past decade, overseas remittance has increased from US$1.34 billion in 2000 to US $8.26 billion in 2010 and US$9 billion in 2011.
Source: CPV/VGP
Vietnamese
