Last year, the city received 6.1 billion USD in remittances, up 15 percent against 2019.
Illustrative image (Source: VNA)
The exchange rate between the VND and the US dollar has been stable in recent times, so recipients tend to sell them to credit institutions.
Several banks use remittance payment technology and offer services to change foreign currencies into VND for savings at a high interest rate.
Over recent years, remittances have come not only in the form of savings but also in securities, real estate, share purchases, or business establishment.
Banks have also enhanced the use of technology and offered promotions to attract more customers. For example, Sacombank has cooperated with partners in the US, Australia, Europe, Japan, and Taiwan (China), and adopted API technology allowing quick payments around the clock. Recipients can receive their remittances in no more than a minute./.
Workers produce electronic components (Photo: VNA)
Hanoi (VNA) - Vietnam and Turkey held the “Business-to-Business
(B2B) Matching Webinar on Products for Supporting Industries 2021” on April 9, aiming
to introduce the potential of
Vietnamese electronics and mechanics manufacturers
to major Turkish importers.
The event was organised by the Ministry of Industry and Trade’s Vietnam
Trade Promotion Agency (Vietrade) and Asia-African Market Department, as well
as the Embassy of Vietnam in
Among attendees were representatives from Arcelik A.S, a Turkish
multinational household appliance manufacturer that is looking to stay ahead in
the Asia-Pacific market.
In her opening remarks, Deputy Director of Vietrade’s export support
Saturday, April 10, 2021, 09:01 GMT+7
Models are showcasing ao dai (Vietnamese traditional costume) at an event titled Our Ao Dai at Hanoi s Temple of Literature on April 9, 2021. Phot: mai Thuong / Tuoi Tre
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Society Vietnam on Tuesday afternoon reported 14 new imported cases of COVID-19, increasing the country’s tally to 2,683 with 2,429 recoveries, according to the Ministry of Health. Police in the Mekong Delta province of Tien Giang on Friday confirmed they had arrested four suspects related to the murder of a woman in Cai Lay District, including a director at the district’s general hospital.
A view of HCM City from the Saigon River (Photo: VNA)
HCM City (VNA) -
business environment and encourage investors
to stay.
The city is now home to 440,000 registered enterprises, 96.4 percent of
which are domestic concerns and the remainder foreign-invested. The non-State
economic sector contributed 54.7 percent to the city’s GDP last year while the foreign
sector accounted for 19 percent.
Director of the municipal Department of Planning and Investment, Le Thi
Huynh Mai, said that since early this year the municipal People’s Committee has
granted investment licenses and decisions on investment policies to 15 projects
worth nearly 2.37 billion USD, including the
It is estimated that the monthly cost of
fast moving consumer goods (FMCG) in
rural areas will increase by 7 percent on average annually from 2020-2025,
faster than in class-1 urban areas (4 percent).
Compared to class-1 urban areas, over 70 percent of industries still have the
opportunity to boost the number of consumers.
The survey also showed that consumers in rural areas are very proficient in
using technology products and digital services. Up to 92 percent of rural
residents have used smartphones, a sharp increase compared to 2 years ago with
84 percent.
Accordingly, consumers in rural areas are using the internet more than
traditional means for shopping and the number is rapidly increasing from 2018