Vietnam - Overseas remittance in HCM City to reach US$5 billion
Vietnam - Overseas remittance in HCM City to reach US$5 billion
by lexie Mon Dec 12, 2011 4:23 pm
December 12, 2011
Overseas remittance in HCM City to reach US$5 billion
The amount of Overseas National Currency Exchange (ONCE) in Ho Chi Minh City is expected to reach US$5 billion this year, up by 10 percent over the same period last year.
The entire sum of money is coming in from Vietnamese people working in many countries and territories across the globe, mainly from the US, Australia and Canada.
Over the past five years, not only overseas Vietnamese nationals in the US, Australia and the EU countries, but also guest-workers, experts and students in foreign countries have contributed significantly in increasing the amount in ONCE.
HCMC Department of Labor, Invalids and Social Affairs said that laborers from HCMC working in Korea, Malaysia and Taiwan (China) have stable incomes; hence the amount sent by laborers to Vietnam is increasing.
For the last 17 years, around $35 billion has been sent into Vietnam, accounting for 70 percent of FDI during the period 1998-2007 and 1.5 times higher than the ODA disbursement since 1993.
World Bank forecasts the amount of ONCE in the entire country to reach $9 billion in 2011.
http://www.vietfinancenews.com/2011/12/overseas-remittance-in-hcm-city-to.html#more
Overseas remittance in HCM City to reach US$5 billion
The amount of Overseas National Currency Exchange (ONCE) in Ho Chi Minh City is expected to reach US$5 billion this year, up by 10 percent over the same period last year.
The entire sum of money is coming in from Vietnamese people working in many countries and territories across the globe, mainly from the US, Australia and Canada.
Over the past five years, not only overseas Vietnamese nationals in the US, Australia and the EU countries, but also guest-workers, experts and students in foreign countries have contributed significantly in increasing the amount in ONCE.
HCMC Department of Labor, Invalids and Social Affairs said that laborers from HCMC working in Korea, Malaysia and Taiwan (China) have stable incomes; hence the amount sent by laborers to Vietnam is increasing.
For the last 17 years, around $35 billion has been sent into Vietnam, accounting for 70 percent of FDI during the period 1998-2007 and 1.5 times higher than the ODA disbursement since 1993.
World Bank forecasts the amount of ONCE in the entire country to reach $9 billion in 2011.
http://www.vietfinancenews.com/2011/12/overseas-remittance-in-hcm-city-to.html#more
*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
lexie- Elite Member
- Posts : 1812
Join date : 2011-06-24 
Similar topics» VIETNAM - Overseas remittances to VN rise again
» VIETNAM - VietinBank to sell $2 bln of bonds overseas
» VIETNAM - Overseas remittances to hit record high
» Vietnam rates among the highest in overseas remittances
» Vietnam May Narrow Down Subjects to Borrow Overseas Capital
» VIETNAM - VietinBank to sell $2 bln of bonds overseas
» VIETNAM - Overseas remittances to hit record high
» Vietnam rates among the highest in overseas remittances
» Vietnam May Narrow Down Subjects to Borrow Overseas Capital
Permissions in this forum:
You can reply to topics in this forum
» 74.2 million people in the USA have not had a single dose of a Covid-19 Vaccine, & another 157 million have refused a 2nd or 3rd dose according to CDC
» Unprecedented Mortality Rates – must be Climate Change!!
» Thailand giving away one million cannabis plants to encourage citizens to grow natural medicine
» America is being suicided by John Kaminski
» Textbook Tony
» Angela Hitler gathers lieutenants in Germany to mourn loss of Fourth Reich
» 10 years of the new notes came out!
» The Association of Brokerage Companies: Changing the dollar exchange rate contributed to raising the value of Iraqi shares
» Iran: Exports to Iraq amounted to $9.5 billion
» Al-Hakim calls for choosing the next prime minister within specific criteria
» What does Iraq look in a post-Sadr era?
» Sadrist leading figure to the Coordination Framework: the fire you made will burn everyone
» Iraqi parliament swears in new members to replace Sadrists
» USD/IQD closes slightly lower in Baghdad
» Norway offers US$ 7.5 million to Iraq
» Asia's thirst for cheap Russian oil hits Opec's No 2 producer Iraq
» Iraq’s exposure to US securities was up to about $28 billion in April
» The Central Bank: We have taken effective measures to protect the banking sector and combat money laundering
» Al Qirtas Islamic Bank - The first use of modern systems from DN SeriesTM ATMs in Iraq
» The Central Bank of Iraq: We launched 17 trillion dinars of development initiatives
» Central: The Letter of Guarantee platform issued more than 30,000 letters, worth 9.3 trillion
» The Governor of the Central Bank discusses obstacles to the work of Islamic banks with the International Rating Agency
» The Central Bank of Iraq decides to sell the dollar to pilgrims at the official exchange rate
» The central bank is moving at a steady pace to support and revitalize the economy
» The central electronic platform for letters of guarantee enhances confidence in banking transactions
» Who's on First?
» Frank26 says - From black list removal to high credit ratings for Iraq. This is how you get a new exchange rate
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Meta 1 Coin Has Crack Team Of Lawyers? Why Is Dave Schmidt Still Rotting In Jail?
» California pot shops prepare for their first day of legal recreational marijuana sales TODAY
» One Crazy Guy
» CBI sells $1+ billion in forex for second week in a row
» Iraq and the World Bank hold a workshop to develop public debt management
» Combating financial crimes enhances confidence in the banking sector
» Forex-US dollar notches in Baghdad
» USD/IQD closes lower in Baghdad
» What Happens when Cancer is treated with Cannabis? VIDEO
» VIDEO: Viral Hydroxychloroquine Doctor Demands Joe Biden Apologize After Media Finally Acknowledges HCQ Works
» USD/IQD closes slightly higher in Baghdad