Record-breaking remittances, other contributions by overseas Vietnamese

remittances, HCMC, BAOOV, Covid relief A supporting industry production company funded by overseas Vietnamese (Photo: SGGP)
The record-high remittance exceeded experts’ forecast and was a 12 percent increase from 2019’s $5.5 billion, contributing to socio-economic development and effective results of the Covid-19 epidemic prevention.
Overseas Vietnamese within 2020 sent nearly VND80 billion (about US$3.4 million) in cash and commodities to aid epidemic prevention and flood relief during the year.
At the same time, HCMC greatly values the knowledge of diasporas and holds annual events to gather their opinions. The most successful conference was back in 2016 with 47 practical ideas that have been implemented since.
The Business Association of Overseas Vietnamese (BAOOV) and 38 member branches worldwide in the Covid-hit 2020 continued to promote Vietnamese goods and develop distribution channels abroad.
HCMC plans to make full use of press power to continue attracting talents from expatriates.

By PETER Hong - Translated by Tan Nghia

News Related

OTHER NEWS

UKVFTA – a boost to Vietnam-UK trade

After the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic. Read more »

ASEAN Secretary General praises Vietnam’s ASEAN Chairmanship in 2020

Ambassador Nguyen Hai Bang presented his letter of credential to ASEAN Secretary-General Dato Lim Jock Hoi at a virtual ceremony on Friday, officially becoming Head of the Vietnamese Delegation at ASEAN. Read more »

Students to resume school next week

Students in Hanoi are set to come back to school on Tuesday, says the municipal People’s Committee in a distpach on Saturday. Read more »

Vietnam has no COVID-19 case on February 28 morning

Vietnam had no new COVID-19 case over the past 12 hours to 6am on Sunday, making the national tally unchanged at 2,432, according to the National Steering Committee for COVID-19 Prevention and... Read more »

Vietnam racks up US$1.29 billion in trade surplus in two months

The country’s trade turnover during January-February topped some US$95.81 billion, a year-on-year surge of 25.4%. (Photo: VNA) NDO/VNA – Vietnam’s trade balance posted positive, US$1.29 billion, in the first two months of the... Read more »

COVID-19: nearly 115 million cases confirmed worldwide

As of Sunday morning, the world has recorded more than 114.3 million COVID-19 infections and 2.5 million deaths, according to worldometers.info. Read more »

US President urges Senate to pass 1.9 trillion USD aid package

US President Joe Biden on Saturday praised the House for passing the 1.9 trillion USD aid package for COVID-19 pandemic in a 219 to 212 vote. Read more »

Endangered doucs enjoy idyllic lives thanks to Covid-19

Multiple red-shanked doucs could be spotted at Bach Ma National Park in north central Thua Thien-Hue Province at the start of spring. Nguyen Vu Linh, director of the national park, said there are... Read more »

Youth Month, tree-planting festival celebrated nationwide

Activities to celebrate the Youth Month and the tree-planting festival have been held nationwide. Read more »

AEON Vietnam support the consumption of Hai Duong agricultural products

Customers buy farm produce to help Hải Dương farmers at AEON – Long Biên, Hà Nội. — Photo AEON Vietnam To support farmers in the COVID-19 hit region of Hải Dương, grocery giant... Read more »