Overseas remittances to Việt Nam surges
VGP 05/12/2011 – The World Bank (WB) has estimated that the volume of remittances sent home by overseas Vietnamese would reach nearly US $9 billion in 2011, slightly higher than the figure last year.
The WB said a sharp increase in the amount of remittances sent home by overseas Vietnamese in a recent decade, from US $1.34 billion in 2000 to US $8.26 billion in 2010, would make it a record this year.
Remittances can help address trade deficit and improve payment balance if the receiving countries adopt proper policies to mobilize this source for socio-economic development.
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