Vietcombank remittance company has become the remittance company with the largest payment turnover in Vietnam

Data from this agency also shows that, on average, each year, about 120,000 to 143,000 workers go abroad to work; The amount of remittances sent from this workforce reached 3.5-4 billion USD, contributing to promoting the country’s socio-economic development.

Thanks to that, in the context of a world economic decline, high inflation and a still tense geopolitical situation, remittances to Vietnam still increase compared to 2022.

According to the State Bank of Vietnam, the amount of remittances transferred back to the country in 2023 is estimated to increase by 25-30% compared to 2022.

As for Ho Chi Minh City, the report of the State Bank of Vietnam Ho Chi Minh City branch shows that: The amount of remittances transferred to Ho Chi Minh City in 2023 will still maintain a good growth rate, reaching nearly 9.5 billion USD, an increase of 43.3 billion USD. % compared to 2022. This is the highest growth rate in the past 10 years and continues to maintain a high proportion compared to the country’s total remittances at over 50%.

Vietcombank Remittance Company Limited (Vietcombank Remittance) said it has grasped these signals since the beginning of 2023, thanks to careful research on labor export trends and timely orientation and policies. special policies with partners in major labor export markets, especially Korea.

For example, in September 2023, in order to enhance partnership relationships with Korean partners, Vietcombank Remittance hosted the event “Korea Partner Conference 2023” and a series of related activities. This is an important step, marking the consensus and close cooperation between Vietcombank Remittance and Korean partners, creating a solid connection. This cooperation not only brings great economic benefits but also contributes to improving partners’ experience, to meet the increasing needs of the remittance market.

Door-to-door payment service  of Vietcombank Remittane.
Vietcombank Remittane’s home payment service.

Thanks to a solid grasp of expertise and the ability to adapt to market changes as well as always ensuring top payment service quality, Vietcombank remittance company has become the remittance company with the largest payment turnover. Vietnam. The company was also honored as the best remittance company in 2023 by SINGAPORE’s Banking and Finance magazine for the second time in a row.

Vietcombank Remittance Company is honored to receive international awards “  Best Remittance Company of 2023”.
Vietcombank Remittance Company is honored to receive the international award “Best Remittance Company 2023” for 2 consecutive years.

This has contributed to making the Vietcombank remittance company brand a reputable choice for foreign partners when performing money transfer transactions.

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