Vietnam: Remittances from abroad rise sharply in 2010

Tuesday, 03 August 2010 12:18

Many companies offering money-transfer services are expected to easily fulfill their business targets for this year since inward remittances have increased significantly over the past few months.

Industry observers say that the trend is likely to continue in the remaining months of the year.

Trinh Hoai Nam, deputy director of Dong A Money Transfer, said overseas remittances through his company reached US$600 million in the first seven months of the year, meeting 55 per cent of its annual target of $1.1 billion.

Read more: Vietnam: Remittances from abroad rise sharply in 2010

Liberia’s Foreign Remittances, Trade Increase in First Quarter

Tuesday, 06 July 2010 15:12

Liberia’s foreign remittance inflows rose $19.5 million to $234.8 million in the first quarter, compared with the last three months of 2009, the Central Bank of Liberia said in an e-mailed bulletin released Monday.

The West African nation recovering from 14 years of civil war that ended in 2003, reported foreign trade increased 13 percent to $162.7 million in the first quarter, from the fourth quarter of 2009.

Read more: Liberia’s Foreign Remittances, Trade Increase in First Quarter

Bangladesh - Record remittance takes forex reserve to all time high

Tuesday, 06 July 2010 14:52

Bangladeshis working abroad sent home a record US$11billion in the just concluded fiscal year, as remittance continued to rise despite declining trend of manpower export, officials said Monday.

Remittances sent by Bangladeshis working abroad reached $10.973 billion, a record in the country's history, in 2009-10, marking a 13.25 per cent growth over the previous fiscal.

Read more: Bangladesh - Record remittance takes forex reserve to all time high

Remittances to Mexico Up 11.9% in May

Sunday, 04 July 2010 08:27

Remittances from Mexican emigrants totaled $2.13 billion in May, up 11.9 percent from the same month of 2009, the biggest year-on-year advance since October 2008 and ahead of analysts’ expectations, the Mexican central bank said.

Banks such as Ixe had forecast that the May figure would come in at around $1.97 billion.

Read more: Remittances to Mexico Up 11.9% in May

Foreigners, Remittances Help Boost Dollar Supply In Vietnam - Central Bank

Tuesday, 29 June 2010 09:26

Source: Dow Jones Newswires
By: Nguyen Pham Muoi

Hefty inflows of foreign investment and the increased volume of monetary remittances from Vietnamese working overseas have boosted Vietnam's dollar supply so far this year, the central bank said Tuesday.

The stock market has drawn $350 million from foreign investors so far this year, the central bank said, without giving comparative figures.

Read more: Foreigners, Remittances Help Boost Dollar Supply In Vietnam - Central Bank

Kenyan Remittances Climbed to $52.7 Million in April

Saturday, 19 June 2010 17:44

Kenyans living abroad sent home $52.7 million in April, an increase of 9.6 percent from a year earlier, after the economies of countries that contribute the bulk of remittances improved, the Central Bank of Kenya said.

Total inflows in the four months through April amounted to $196.5 million, little changed from $196.4 million a year earlier, the Nairobi-based bank said in a statement on its website late yesterday.

Read more: Kenyan Remittances Climbed to $52.7 Million in April