Changing new bank notes at the HCMC branch of the State Bank of Vietnam (SBV) has become a much more common practice in recent days, especially with Tet around the corner. Nguyen Hoang Minh, deputy director of SBV’s HCMC branch, said his agency had launched onto the market a large volume of new bank notes with face values of below VND100,000. Not many bank notes whose face values were VND20,000... 

A big amount of foreign currencies has been sold by people recently since they, after weighing pros and cons, decided that it would be better to keep dong than dollars. The State Bank of Vietnam has never before bought foreign currencies so continually and in such a big quantities. The foreign currency reserves have reportedly reached the highest peak so far. Instead of keeping foreign currencies... 

Last year’s overseas remittances into Vietnam have been calculated between $9.5 billion and $10 billion, considerably exceeding the total of $9 billion for 2011. Luong Thi Bach Van, chairwoman of the Ho Chi Minh City-based Association for Liaison with Overseas Vietnamese, put her total estimate at $10 billion. Meanwhile calculations by Nguyen Hoang Minh, deputy director of the State Bank’s Ho... 

Western Union Company on Thursday announced that customers in Vietnam can now receive and manage their international remittances around the clock with their cell phone by registering their Viettel mobile number for Military Bank’s MB Mobile Money service and providing their numbers to family and friends overseas. Thanks to the new service, customers from 110 countries can now enjoy the option of... 

The demand for cash during the Lunar New year holiday, or Tet, is forecast not to  be as high as that of last year and the central bank has already prepared a large volume of cash accordingly, a central bank official said. Nguyen Hoang Minh, deputy director of the HCMC branch of the State Bank of Vietnam (SBV), said large volumes of cash have been delivered to head offices of local banks to meet... 

Vietnam is estimated to have US$9.5 billion worth of incoming remittances in 2012, far lower than the projected figure of US$11 billion, said Nguyen Hoang Minh, deputy director of the central bank’s HCMC branch. Speaking to the Daily on the sidelines of a conference in HCMC last Friday, Minh said HCMC received around US$4.1 billion of remittance, of which 23% was invested in unfinished property... 

Overseas remittance to HCMC this year has reached US$4.1 billion, up 15% against 2011, most of which came from the U.S. and Europe. Nguyen Hoang Minh, deputy director of the central bank’s HCMC branch, said the higher amount of remittance will help stabilize the exchange rate next year. Last year, only 15% of remittance was sold to banks and the figure has surged to 34% this year, suggesting stronger... 

Remittances into Vietnam this year are flowing strongly with the Tet lunar new year holiday approaching, despite the gloomy global and domestic economy. According to a World Bank (WB) remittances report update for 2012 released late November, 2012, the expected remittances to Vietnam this year is $9 billion, ranking ninth out of 10 recipients of migrant remittances worldwide. The first and second... 

Remittances sent to Vietnam this year are expected to substantially exceed last year’s total of $9 billion. The money remitted by overseas Vietnamese and guest workers in the first half of the year amounted to $6.3 billion, or 70 per cent of the total amount last year, according to the State Committee for Overseas Vietnamese. Meanwhile, the amount of foreign remittances typically sent home in December... 

Experts believe that the total overseas remittance to Vietnam may reach 10 billion dollars this year. Markets expanded Overseas remittance, or kieu hoi in Vietnamese language, is understood as the money remitted by overseas Vietnamese people to their relatives in Vietnam. This is considered a very important source of foreign currency which can be mobilized to use for the economic development. In the...