Overseas investment of State-owned enterprises fails to meet expectations

Overseas investment of State-owned enterprises fails to meet expectations

In general, the outbound investment activities of State-owned and State-invested enterprises have not met the expectations. Besides objective reasons, such as politics and investment policies in the host country, the subjective causes are the issues of management capacity, risk management, market forecasting capacity, and experience in overseas investment.
Five-month overseas remittances to HCMC touch US$2.3 billion

Five-month overseas remittances to HCMC touch US$2.3 billion

The State Bank of Vietnam – Ho Chi Minh City Branch said that by the beginning of June this year, overseas remittances transferred to the city reached US$2.3 billion, a decrease of 1.9 percent over the same period last year.
Customers receive remittances at a bank in HCMC (Photo: SGGP)

Vietnam forecast to enter top ten remittances recipients in 2019

Vietnam is expected to enter the top ten remittances receivers with an estimated amount of US$16.7 billion this year, accounting for 6.4 percent of the country’s Gross Domestic Product (GDP), according to the latest data from the World Bank.
Nine-month overseas remittances to HCMC reach US$3.8 billion

Nine-month overseas remittances to HCMC reach US$3.8 billion

In the first nine months of this year, overseas remittances to Ho Chi Minh City via commercial banks and economic institutions were estimated at around US$3.8 billion, an increase of 7 percent over the same period last year.
(Illustrative photo:SGGP)

Soc Trang receives over VND 1,350 bln in overseas remittances

The Soc Trang Provincial Party Committee, People’s Council, People’s Committee and Fatherland Front Committee yesterday held a warmly meeting with hundreds of oversea Vietnamese on coming Lunar New Year 2019. 
Overseas remittances is forecast to reach US$15.9 billion this year (Photo: SGGP)

Overseas remittances to Vietnam continue increasing

Overseas remittances to Vietnam is expected to reach US$15.9 billion this year, making the country one of the largest remittance receiving nations in the world, forecast the World Bank (WB).