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Overseas remittances at $12.5bln in 2021
Banking & Finance

Overseas remittances at $12.5bln in 2021

Overseas remittances to Vietnam hit $12.5 billion in 2021. According to State Bank of Vietnam (SBV) Vice Governor Dao Minh Tu, remittances mainly flow through credit institutions, with 70 per cent, and the remainder through remittance companies, with 28 per cent, and post offices with 2 per cent. They contributed to supporting the growth of the stock market and the real estate market.
Banking & Finance

Customs revenue rises 19%

Customs revenue exceeded the target in 2021 and reached VND370 trillion ($16.23 billion), an increase of 19.2 per cent compared to 2020. The sector has set a target of VND352 trillion ($15.42 billion) in revenue in 2022.
Banking & Finance

WB provides credit for economic recovery

A new credit package from the World Bank (WB) aims to encourage policy reform under two pillars: support economic recovery through tax and financial support for the growth of businesses; and contribute to greening trade policies, promoting e-government, and increasing the use of renewable energy. The WB is optimistic that Vietnam’s pace of reform will be accelerated in the time to come.
Overseas remittances at $12.5bln in 2021

Overseas remittances at $12.5bln in 2021

Overseas remittances to Vietnam hit $12.5 billion in 2021. According to State Bank of Vietnam (SBV) Vice Governor Dao Minh Tu, remittances mainly flow through credit institutions, with 70 per cent, and the remainder through remittance companies, with 28 per cent, and post offices with 2 per cent. They contributed to supporting the growth of the stock market and the real estate market.
Securities a highlight of economy

Securities a highlight of economy

The securities sector grew significantly in 2021, proving that existing institutions in the stock market are suitable for the high and sustainable development of Vietnam’s economy.
Foreign investors net sell stocks but portfolios rise

Foreign investors net sell stocks but portfolios rise

At a ceremony to announce the ten most outstanding stock market events in 2021, Mr. Tran Van Dung, Chairman of the State Securities Commission (SSC), spoke of the market growth posted recently. Though foreign investors net sold by a record amount in 2021, of about $2.3 billion, their portfolio value increased, to $53 billion.
Customs revenue rises 19%

Customs revenue rises 19%

Customs revenue exceeded the target in 2021 and reached VND370 trillion ($16.23 billion), an increase of 19.2 per cent compared to 2020. The sector has set a target of VND352 trillion ($15.42 billion) in revenue in 2022.
WB provides credit for economic recovery

WB provides credit for economic recovery

A new credit package from the World Bank (WB) aims to encourage policy reform under two pillars: support economic recovery through tax and financial support for the growth of businesses; and contribute to greening trade policies, promoting e-government, and increasing the use of renewable energy. The WB is optimistic that Vietnam’s pace of reform will be accelerated in the time to come.
MoF adds to list of reduced fees and charges

MoF adds to list of reduced fees and charges

The Ministry of Finance (MoF) has added three additional fees and charges to a list of those reduced from January 1, raising the total from 34 to 37. Reductions are between 10 and 50 per cent to support those affected by Covid-19.

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