The Critical Role of Viet Kieu in Vietnam

More overseas Vietnamese are visiting and moving back to Vietnam as the country’s economy grows rapidly — and ironically that growth is largely a consequence of financial contributions from overseas Vietnamese, whose gifts buy new homes, expand businesses and support extended families.

The remittances  are a vital link between those who have left Vietnam and those left behind, and a huge part (8%) of Vietnam’s GDP.  Last year, overseas Vietnamese sent $7 billion back home.

The World Bank says developing countries receive more than $300 billion in  overseas remittances that raise the standard of living.  The average remittance is highest in India ($1,662) followed by Vietnam ($1,369).  In Vietnam, more than in other countries, much of the money funds family businesses and charity, contributing to a brighter future for the country.

More on Viet kieu remittances to Vietnam

More on Viet Kieu returning to their homeland

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