Research Center
Quay lại

VCSC Daily - Banks spur sharp rebound - NLG, GTN, PLX, VNM

Remittances to Vietnam record five-year high in 2017. According to World Bank estimates, after slumping 10% in 2016, remittances to Vietnam rebounded 16% YoY to a five-year high of USD13.8bn as of the end of 2017 despite a policy of zero interest rate on USD deposits, more restrictive immigration rules from US as well as Fed rate hikes. Remittances mostly came from the US, China, South Korea and Japan.