VietnamExpress-Jan 25

Vietnam received $15.7 billion in 2020 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. 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.

Read more at: https://e.vnexpress.net/news/business/economy/covid-19-impact-on-remittances-negligible-4225298.html