Sunday 20 January 2008

Remittances Into Vietnam +21.7% To Record $5.6 Billion-Report

ri, Jan 18 2008, 05:39 GMT
Remittances Into Vietnam +21.7% To Record $5.6 Billion-Report HANOI -(Dow Jones)-

Vietnamese living and working overseas repatriated a record $5.6 billion in remittances last year, up 21.7%, state media said Friday, citing a government official.

"Total remittances were up by more than $1 billion from 2006," the Tuoi Tre (Youth) newspaper quoted Nguyen Thanh Son, director of Vietnam's State Committee for Overseas Vietnamese, as saying. Son said overseas Vietnamese, known as Vietkieus, have invested about $2 billion in 3,000 projects in the country. [Read more]

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