Vietnam's remittances to hit $13-$14 bln in 2015: central bank

Reuters

Email Print

Motorists ride past the State Bank of Vietnam's building in Hanoi December 23, 2014. Photo credit: Reuters Motorists ride past the State Bank of Vietnam's building in Hanoi December 23, 2014. Photo credit: Reuters

RELATED NEWS

Vietnam is forecast to receive between $13 billion and $14 billion in overseas remittances this year, up from $12 billion in 2014, the central bank said on Monday.
Foreign exchange supply to Vietnam is also expected to be boosted from rising foreign direct investment and investment in equities, which could help lead to a surplus of $8 billion in the country's balance of international payments, the State Bank of Vietnam said in a statement.
Remittances from Vietnamese overseas remains a key part of the country's economy, equivalent to about 8 percent of gross domestic product. More than half of the capital comes from the United States.

More Business News