(VOVworld) – Overseas remittance to Vietnam is likely to hit 13% this year, up 10% against last year. Economists say Vietnam remains in the list of the world’s top 10 remittance recipients and that will ensure a positive territory for Vietnam’s balance of payments.
The State Bank of Vietnam attributes the rise in overseas remittance to Vietnam’s stable macro-policies, revisions to the Foreign Exchange Ordinance, and simplified foreign exchange regulations. As a result, remittance services have been modernized to shorten delivery time.
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The strong overseas remittance flow to Vietnam is attributed to its stable macro-policies.
(Photo: VNA) |
Ho Chi Minh city’s State Bank branch reported that 74.2% of remittance is channeled into production and business; 21.8% to real estate, and the rest 4% to family support.