Big surges in foreign currency and overseas remittance
16:57 | 09/12/2010
VGP – Việt Nam has witnessed sudden surges in foreign indirect investment (FII) and overseas remittance, according to the State Bank of Việt Nam (SBV).

Illustration photo

The Foreign Currency Management Department of the SBV on December 9 announced that as of late November, the inflow of overseas remittance stood at US $7.6 billion, higher than the forecast.

In the last month of 2010, overseas remittance is expected around US $770 million, bringing the total figure for the whole year to US $8 billion, up 25.6% year-on-year.

In Q1, 2011, during the Lunar New Year festival, the remittance inflow may be on the rise, the Department predicted.

Meanwhile, since the beginning of the year, Việt Nam has enjoyed a surplus in FII at approximately US $800 million.

The investment disbursement went up 9.9% against the same period last year.

By Kim Anh   

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