Vietnam ranked second in the Southeast Asian region for overseas remittance with $10 billion in 2012, according to the latest report issued by the World Bank (WB). The Philippines topped the list with $24.45 billion. Indonesia came third with $7.2 billion, followed by Thailand ($4.12 billion), Malaysia ($1.27 billion) and Myanmar ($0.56 billion). On the global scale, Vietnam ranked ninth, while India... 

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 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... 

Contrary to the growth trend in the past few years, overseas Vietnamese remittances this year have fallen slightly. “In the first eight months of the year, overseas remittances dropped 10% year-on-year,” said a senior source from the central bank. Based on the statistics on private remittances in the year to date, the official predicted overseas remittances of the whole year would decrease mildly... 

Overseas remittances to Ho Chi Minh City reached US$2.8 billion in the past nine months, equal to 81.5 percent of last year’s figure. Statistics released by the State Committee for Overseas Vietnamese showed overseas remittances to Vietnam surpassed US$6.3 billion, accounting for 70 percent of the country’s total amount recorded in 2011. The country is expected to get US$10-11 billion remitted... 

The sharp decline of overseas remittance so far this year has raised a question if overseas remittance continues to play an important source for Vietnam’s foreign currency reserves. Where does overseas remittance go? In 2010, with 8.26 billion dollars, Vietnam was the 9th biggest overseas remittance receiver among developing economies. In 2011, Vietnam received 9 billion dollars in overseas remittance,... 

The “brain-drain” has become a very big headache to Vietnam. A recent survey shows the relation between the brain-drain and the kieu hoi (overseas remittance). High quality personnel leave the country Statistics show that about 400,000 intellectuals, of which 25 percent are Vietnamese students, are living and working overseas. A survey by IIE, an international education institute showed that up... 

The decreases in the kieu hoi (overseas remittance) inflow to Vietnam and the declines in the operation of financial channels in Vietnam have both raised big worries. Is the decline temporary, or is this a worrying long term tendency? Where kieu hoi comes from? According to the World Bank, Vietnam is the 16th biggest kieu hoi receiver in the world and the 9th biggest receiver among developing countries... 

The central State Bank of Vietnam predicted this year’s overseas remittances would likely reach US$8.5 billion, higher than the record of US$8 billion last year. Particularly, the remittances to Vietnam totaled some US$2.5 billion in the first quarter, some US$2 billion in the second and US$2.5 billion in the third. Overseas remittances are considered a “golden account” for international balance...