Big surges in foreign currency and overseas remittance

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