December 12, 2011
Vietnam is in the top 10 list of developing countries with the largest overseas remittances Vietnam is set to receive a record US$9 billion in overseas remittances this year, up from more than $8 billion in 2010, a World Bank report says. The estimated figure places Vietnam at number eight in the top 10 list [...]
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April 25, 2011
New central bank directives to reduce dollar hoarding, economist says A local commercial bank staff receives bricks of dong bank notes from a customer in Hanoi. A government advisor says people will soon start saving their money in dong. A new cap on dollar deposit rates – 3 percent for individuals and 1 percent [...]
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February 25, 2011
A man places stacks of dong and US dollar notes inside a bag at a bank in Ho Chi Minh City. The State Bank of Vietnam devalued the dong by 9.3 percent on February 11 in an effort to minimize the gap between the official and black market exchange rates. Following the move, the dong [...]
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January 28, 2011
A client fills out a dollar deposit form at an Asia Commercial Bank branch in Ho Chi Minh City. Local banks are boosting interest rates on dollar deposits as they vie with each other to tap stronger remittances from overseas Vietnamese just before the Tet holiday. Bankers said the days before the biggest holiday of [...]
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January 8, 2011
A customer fills out a money transfer form at a Western Union outlet in Ho Chi Minh City. Overseas remittances to Vietnam reached a record high of more than US$8 billion last year, an unexpected increase of 25.6 percent over 2009. In December alone, the inflow was $770 million, according to the central bank’s foreign [...]
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January 10, 2010
Milk prices slide, farmers see losses; Overseas remittances down 12.8%, says State Bank; Hanoi to host int’l trade, investment fair; Businesses optimistic about economic development in 2010; Coffee exports hit record high Milk prices slide, farmers see losses Dairy farmers in Ho Chi Minh City’s Cu Chi District January 8 said they have been forced [...]
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January 7, 2010
Vietnam received $6.28 billion in overseas remittances last year, a smaller-than-expected drop of 12.8 percent from 2008, a state-run newspaper cited a central bank report on Thursday as saying. The State Bank of Vietnam report said Ho Chi Minh City alone received $3.2 billion, the Ho Chi Minh City Communist Youth League-run Tuoi Tre newspaper [...]
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January 3, 2010
Customers at the Ha Noi office of the DongA bank receive money from their relatives abroad. Remittances into Viet Nam for 2009 are expected to fall considerably against 2008. LookAtVietnam – Remittances into Viet Nam in 2009 are expected to fall considerably against 2008, but investment has remained buoyant despite the global economic recession.Nguyen Hoang [...]
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October 21, 2009
Overseas remittances to Vietnam may drop as much as 20 percent this year after the global economic crisis reduced the incomes of Vietnamese living and working abroad, the central bank said. âWeâve been watching the volume of overseas remittance transactions into Vietnam and estimate the amount will fall by a maximum of 20 percent for [...]
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October 4, 2009
HCM City hosts made-in Vietnam products fair; Foreign remittances to fall in 2009; RoK to invest in building Hanoi urban railway; Viettel pours US$250 million into Bangladesh HCM City hosts made-in Vietnam products fair A fair featuring made-in Vietnam products opened in HCM City on October 2 at the HCM City Centre for Trade and [...]
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