Vietnam is ninth highest receiver of remittances

Update: 10:23 | 31/01/2019

Vietnam received remittances of nearly $16 billion last year, more than 100 times the amount it had received 25 years earlier. 

According to World Bank statistics, the country was the ninth biggest recipient of remittances in 2018. It received remittance of $13.8 billion in the previous year.

Vietnam, ninth highest receiver of remittances, World Bank statistics, GDP, guest workers, overseas labor management

Remittances in 2018 reached nearly $16 billion.

With GDP estimated at VND5.55 trillion ($238.17 billion), the inflows were equivalent to around 6.7 percent of that, indicating their importance to the country, economists said.

The increasing number of guest workers it sends abroad has made the country among the world’s leading recipients of remittances.

The Ministry of Labor, Invalids and Social Affairs’ department of overseas labor management said a record 140,000 workers went abroad last year.

According to the Financing Sustainable Development in Vietnam report by the United Nations Development Programme published in 2017, the U.S. is the largest source of remittances, accounting for 55 percent, followed by Australia, Canada, France, Germany, and South Korea.


Support women in business startup
(BGO) – Implementing the member support programme in 2019, the Bac Giang provincial Women’s Association has disbursed the budget of “Supporting women in business startup and development”. 
Top 10 business events that shape Vietnam in 2018
Look back at the business events that had major impact on Vietnam in 2018.
Youngsters establish business at hometown
(BGO) – To lure the young generation start the business at the hometown, the Ho Chi Minh Communist Youth Union (HCMCYU) in Tan Dan town, Yen Dung district (Bac Giang province) has appealed and gathered the youngsters to set up the club helping each other develop the economy since 2016.
Vietnam Business Forum to convene year-end session on December 4: VCCI
The year-end session of the Vietnam Business Forum will convene in Hanoi on December 4, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Project helps develop tech business incubators in Vietnam
The Support to the Innovation and Development of Business Incubators Policy Project (BIPP), partly funded by the Belgian Government, has proved effective after nearly five years of implementation in Vietnam.

Source: VnExpress

Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: