Remittances were a key source of external cash inflows for the nation, far exceeding official development assistance and more stable than private debt and portfolio equity flows.
There is no doubt that these inflows acted as an antidote to poverty and promoted prosperity the SBV said, adding that the remittances for 2014 were principally channeled into business ventures.
There is no doubt that these inflows acted as an antidote to poverty and promoted prosperity the SBV said, adding that the remittances for 2014 were principally channeled into business ventures.
This was a change from prior years where they primarily went into real estate, stock and saving accounts.
Vietnamese American David Duong said OVs want to contribute to the national development and he hopes the State will devise more incentives to encourage them to do so.
Vietnamese American David Duong said OVs want to contribute to the national development and he hopes the State will devise more incentives to encourage them to do so.
