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Vietnam strives to have 90,000 laborers working abroad this year
By Dang Khoa April 9, 2021 | 09:00 am GMT+7
A group of Vietnamese workers in South Korea. Photo courtesy of the Center of Overseas Labors.
The Department of Overseas Labor wants to bring the number of Vietnamese manpower abroad this year to the set target of 90,000 in 2021.
Tong Hai Nam, director general of the Department of Overseas Labor under the Ministry of Labor, Invalids and Social Affairs, said the department has re-signed its agreement on labor cooperation with Thailand, researched and negotiated labor cooperation with Israel, and implemented labor cooperation agreements with South Korea, Japan and other countries.
Vietnam has the second highest rate of in terms of cryptocurrency use among 74 surveyed economies, driven by remittance payments, a new report says. - 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.