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Digital services to spur increasing remittances


Digital services to spur increasing remittances
14:00 | 26/05/2021
Vietnam is one of the largest beneficiaries of remittances in the world. Photo: Le Toan
According to fresh global remittance data compiled by the World Bank, the number of overseas remittances to Vietnam in 2020 was $17.2 billion, instead of $15.7 billion as the initial prediction. Thus, the updated figures in 2020 increased by nearly 3 per cent on-year, making Vietnam one of the top 10 beneficiaries among low and middle-income countries.
With overseas remittances transferred equivalent to 5 per cent of GDP in 2020, Vietnam was one of the top 10 countries in the East Asia-Pacific with the highest proportion of remittances compared to GDP. ....

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VIETNAM BUSINESS NEWS APRIL 25


VIETNAM BUSINESS NEWS APRIL 25
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 25/04/2021
  
10:05
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Vietnamese aviation has huge room for expansion
Vietnam’s aviation market boasts huge potential for expansion. Illustration image
The Airports Corporation of Vietnam (ACV) has invested heavily in airport infrastructure development as Vietnam’s aviation market boasts huge potential for expansion, according to an official from the corporation.
Deputy head of ACV’s business and market development board Nguyen Quoc Hung said that more than 25 trillion VND (over 1 billion USD) has been poured into expanding infrastructure over the last five years to better serve the growth being seen in passenger and cargo traffic. ....

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