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Covid-19 impact on remittances negligible - VnExpress International


Covid-19 impact on remittances negligible
By Thuy Tien   January 25, 2021 | 08:00 am GMT+7
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy.
Vietnam received $15.7 billion remittances in 2020, placing it among the world s top 10 recipient countries.
Even with the pandemic forcing many businesses in foreign countries to halt operations, affecting Vietnamese workers and their income, remittances to Vietnam fell 5 percent over 2019, according to the World Bank.
Bank officials have remarked on a shift in motivation behind remittances over the years. Previously the Vietnamese diaspora sent remittances to Vietnam to support their families, but in recent years, they are sent as investment for doing business in Vietnam. ....

Hong Kong , Republic Of , South Korea , Nguyen Gia Liem , Department Of Overseas Labor , Ministry Of Labor , Southeast Asian , Overseas Labor , Covid 19 Impact On Remittances Negligible Vnexpress International , ஹாங் காங் , குடியரசு ஆஃப் , தெற்கு கொரியா , ஂக்யந் கியா லைம் , துறை ஆஃப் ஓவர்‌ஸீஸ் தொழிலாளர் , அமைச்சகம் ஆஃப் தொழிலாளர் , தென்கிழக்கு ஆசிய , ஓவர்‌ஸீஸ் தொழிலாளர் ,