Remittance inflows reach US$230 bln in two decades
VGP - Remittances to Viet Nam totaled US$230 billion over the last two decades (during 1993-2023), equivalent to the total disbursed volume of foreign direct investment (FDI) in the same period.
Deputy Minister of Foreign Affairs Le Thi Thu Hang announced the figure in her remarks delivered at a conference in Ha Noi on Wednesday to mark 65 years of connecting overseas Vietnamese with the homeland.
Le said that, since 2020, remittance inflows to Viet Nam have surpassed the disbursed volume of FDI and official development assistance (ODA), contributing to improving the balance of payments, stabilizing the macroeconomy, helping many households escape poverty, and enhancing the quality of life.
As of 2023, overseas Vietnamese from 32 nations and territories poured US$1.72 billion in 421 projects in 42 out of 63 localities nationwide, said the diplomat.
A part from economic aspect, they have helped promote the nation's values globally and strengthen friendly relations between Viet Nam and other countries, she noted./.
