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Remittances to Vietnam jump towards year-end

by VTV402 February 2016 Last updated at 13:00 PM

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Remittances to Vietnam jump towards year-end
VTV.vn - Towards the end of the Lunar Year, remittances to Vietnam via banks and remittance companies are increasing. A surge is expected at the last few days of the year.

Remittances to Vietnam have increased in past years and it’s speculated that this trend is set to continue. According to World Bank, Vietnam was among the world’s top 15 remittance receiving countries last year, receiving around 12.5 billion USD. According to World Bank statistics, Vietnam ranked 11th in the list and 3rd in the Asia-Pacific region. Over 70% of remittances flowed into manufacturing and business sector./.