Vietnam remittances forecast to increase by 4.4% in 2022

Busy period: A vendor walks past a shop selling decorations in downtown Hanoi. With the Christmas and Lunar New Year holidays close together this year, the volume of remittances is expected to be high during this period. — AFP

HANOI: International organisations are forecasting that the total amount of remittances to Vietnam may increase by 4.4% in 2022 and 3.6% to 4.5% next year.

According to a report on migration and development produced by the World Bank and the Organisation for International Cooperation on Migrants (Knomad), despite the Covid-19 pandemic and inflation growth in many countries, the flow of remittances to Vietnam is still quite stable, compared to previous years.