Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Remittances to HCM City surge ahead of Tet
Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.
 |
| Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn) |
Cumulatively, remittances to the city from early 2024 until now have reached approximately 10.04 billion USD.
Lenh noted that Tet is traditionally the peak season for remittances.
Exceeding 10 billion USD in remittances by the end of January is an impressive milestone, he added.
The surge is attributed to Vietnam's stable monetary market, macroeconomic stability, and flexible exchange rate policies. Besides, policies to facilitate the attraction and effective use of remittances as well as efficient, safe and user-friendly remittance payment systems have played a key role.
Banks have invested heavily in technology and launched promotional campaigns to encourage remittance transfers, especially during Tet.
Vietcombank's remittance arm has enhanced its technology and expanded its payment network. Agribank is running a promotion offering chances to win prizes worth over 1.3 billion VND for customers receiving.
Western Union transfers at its branches. Similarly, Sacombank is offering up to 1 million VND to customers receiving remittances through Sacombank Visa payment cards until March 31./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
