Today: 26/01/2021 14:43:31 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Remittances to Vietnam exceeds $71 bln

The number of overseas Vietnamese has increased by 800,000 in the past five years, contributing remittances worth over $71 billion.

"As Vietnam continues to improve its position and prestige in the international arena, the overseas Vietnamese community is also growing both in size and scale," said Dang Minh Khoi, Deputy Minister of Foreign Affairs and chairman of the State Committee for Overseas Vietnamese.

Remittances to Vietnam, overseas Vietnamese, position and prestige, average annual growth, foreign exchange reserves

An employee of a bank counts US dollar notes at a branch in Hanoi.

Total remittances to Vietnam have surpassed $71 billion in the 2015-2020 period at an average annual growth of 6 percent, helping improve Vietnam’s balance of payment and increase its foreign exchange reserves, he said in a Tuesday statement marking five years of implementing a directive aimed at supporting the Vietnamese diaspora.

As of October, the diaspora had invested in 362 FDI projects in with a total registered capital of $1.6 billion. Overseas Vietnamese returning to the country have also established many large businesses, creating jobs, transferring technology and contributing to the socio-economic development of the nation, he added.

Khoi noted that from 4.5 million people in 109 countries and territories in 2015, the community now includes 5.3 million people across 130 countries and territories.

There are around 500,000 Vietnamese professionals working overseas, accounting for 10 percent of the overseas Vietnamese community.

Businesses prepare for Tet, to ensure sufficient supply
Businesses are increasing production to ensure sufficient supply of goods for Tet early next year and steady prices during the year's biggest shopping season.
 
Vietnamese-American businesses seek to source more goods from Vietnam
Vietnamese-Americans, which operate around 310,000 businesses with annual revenues of $35 billion, are looking to distribute more products from Vietnam in the U.S.
 
Registered capitals of new businesses increase
(BGO) – According to the Department of Planning and Investment (DoPI) in Bac Giang province, the DoPI has issued new business registration certificates to 990 enterprises for 10 months to increase total businesses in the province up to 10,000 units. 
 

Source: VnExpress

Remittances to Vietnam, overseas Vietnamese, position and prestige, average annual growth, foreign exchange reserves
 
New comment has just been added. Click here
Sort:NewBest News