Remittance

This was a fourth consecutive year that Vietnam remains in the top 10 in terms of remittance.

PM Nguyen Xuan Phuc highlights the Overseas Vietnamese community's contribution in all sectors and aspects, especially in the context of the pandemic and floods in the central region in 2020.

Immigrants have sent roughly US$75 billion in remittances to the country in the past five years.

In the East Asian and Pacific region, Vietnam ranked third after China and the Philippines.

Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.

The pandemic has created an unprecedented crisis for overseas workers and the remittances they send home. But with the right actions by governments, it could also be a chance for long-term change.

In the East Asia and Pacific region, Vietnam ranked third after China and the Philippines.

Compared to the end of 2016, Vietnam’s foreign exchange reserve to date has doubled.