Remittances to Fall for First Time in 11 Years

Source: VnExpress

Remittances to Vietnam are set to fall for the first time since 2009 to $15.7 billion this year over COVID-19 impacts.

However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world, according to a recent report by the World Bank.