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Viet Nam second in SE Asia remittance rankings

Update: May, 02/2013 - 10:54

Viet Nam ranked second in the Southeast Asian region for overseas remittance with US$10 billion in 2012, according to a report issued by the World Bank late last month.— Illustrative image

HA NOI (VNS)— Viet Nam ranked second in the Southeast Asian region for overseas remittance with US$10 billion in 2012, according to a report issued by the World Bank (WB) late last month.

The Philippines topped the list with $24.45 billion, Indonesia came third with $7.2 billion, followed by Thailand ($4.12 billion), Malaysia ($1.27 billion) and Myanmar ($0.56 billion).

On the global scale, Viet Nam ranked ninth, while India came on top with $69 billion.

According to the WB, remittance to Southeast Asian countries totalled $47.96 billion in 2012, up 8.43 per cent over the previous year.

Remittance to developing countries is expected to grow on average 8.8 per cent per annum for the next three years and is forecast to reach $515 billion in 2015.

Since 2000, overseas remittance flow to developing countries has increased fourfold.

Previously, the State Committee for Overseas Vietnamese Affairs reported the remittance volume was up 10 per cent on 2011.

Around 4.5 million Vietnamese, including more than 400,000 guest workers, were living in more than 100 countries and territories worldwide, statistics showed. Over 80 per cent of them were settled in developed nations. — VNS



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