Vietnamese abroad sent home some 12.5 billion USD this year, a year-on-year increase of 10%, according to Deputy Governor of the State Bank of Vietnam Dao Minh Tu. Mr. Tu told a press conference on Tuesday that although overseas Vietnamese have been struggling with COVID-19, they have remained devoted to the homeland.

He noted that remittance is an important source of capital for Vietnam at this time.

Vietnam is forecast to be the 8th largest remittance recipient in the world and the 3rd largest in the Asia-Pacific region this year, according to the World Bank and Global Knowledge Partnership on Migration and Development.

Source: VOV5