Remittances to Vietnam exceeds $71 bln – VnExpress International


By Anh Ngoc  &nbspNovember 25, 2020 | 08:00 pm GMT+7
Remittances to Vietnam exceeds $71 bln  Remittances to Vietnam exceeds $71 bln - VnExpress International re 1606297431 5100 1606297516

An employee of a bank counts US dollar notes at a branch in Hanoi. Photo by Reuters/Kham.


The number of overseas Vietnamese has increased by 800,000 in the past five years, contributing remittances worth over $71 billion.

“As Vietnam continues to improve its position and prestige in the international arena, the overseas Vietnamese community is also growing both in size and scale,” said Dang Minh Khoi, Deputy Minister of Foreign Affairs and chairman of the State Committee for Overseas Vietnamese.

Total remittances to Vietnam have surpassed $71 billion in the 2015-2020 period at an average annual growth of 6 percent, helping improve Vietnam’s balance of payment and increase its foreign exchange reserves, he said in a Tuesday statement marking five years of implementing a directive aimed at supporting the Vietnamese diaspora.

As of October, the diaspora had invested in 362 FDI projects in with a total registered capital of $1.6 billion. Overseas Vietnamese returning to the country have also established many large businesses, creating jobs, transferring technology and contributing to the socio-economic development of the nation, he added.

Khoi noted that from 4.5 million people in 109 countries and territories in 2015, the community now includes 5.3 million people across 130 countries and territories.

There are around 500,000 Vietnamese professionals working overseas, accounting for 10 percent of the overseas Vietnamese community.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Remittances to Vietnam exceeds $71 bln – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF