Attraction of remittance into Vietnam: reality and solutions

Remittance is the income generated by overseas residents or workers and sent to their relatives at home. The remittance sent back home by overseas Vietnamese plays an increasingly important role in the economy of Vietnam. According to the World Bank data, in 2015, Vietnam was among the world’s Top 7 remittance recipients. This article seeks to analyse the reasons why there has appeared a surge in remittance into Vietnam over the past time and accordingly, puts forward a number of recommendations for better attraction and more effective use of remittance into Vietnam in the coming time.

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