Remittance to Vietnam forecast to rise despite pandemic

(VOVWORLD) - Remittance to Vietnam is estimated at more than 18 billion USD this year, according to the World Bank and the Global Knowledge Partnership on Migration and Development.

Illustrative image (Photo: AFP)

The country will be the eighth largest remittance recipient in the world and the third largest in the Asia-Pacific region in 2021.

In 2020, Vietnamese abroad sent home more than 17billion USD.

According the World Bank’s Migration and Development Brief released recently, remittances to low- and middle-income countries are projected to have grown 7.3% to reach nearly 590 billion USD in 2021.

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Remittance to Vietnam forecast to rise despite pandemic

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