Ho Chi Minh City's overseas remittances likely to hit $6.8bn this year
The growth rate in remittances falls short of last year’s numbers
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The growth rate in remittances falls short of last year’s numbers
Despite the current growth rate of overseas remittances to Vietnam being lower than last year, the total amount of remittances to the country is projected to rise by 4.4% this year before increasing by between 3.6% and 4.5% in 2023, according to international organisations.
The FINANCIAL -- Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Migration and Development Brief. Remittances are a vital source of household income for LMICs. They alleviate poverty,The FINANCIAL -- Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in 2021, according to the latest World Bank Mi...
The growth of global remittance flows is expected to be 4.9% in 2022, according to report