VN absorbs US$ 16.7 bln of remittances in 2019
VGP – In 2019, Viet Nam received US$ 16.7 billion of remittances, representing a year-on-year growth of 4.4%, according to the World Bank (WB).
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So far, remittances serve as an important channel of foreign currency provision rather than other sources including US$ 211.5 billion of disbursed FDI, US$ 11.83 billion of international guests’ spending.
Viet Nam ranked ninth out of ten countries and territories which received the largest amount of remittances.
Statistics showed that 72% of remittances focused on production and business. Nearly 22% was given to the real estate sector. The rest targeted to support families of remittance senders./.
By Kim Loan