# Overseas remittances revive, US$10 billion to Vietnam in 2017 | VOV.VN

> Overseas remittances to Vietnam rose 10.4% in 2017 to over US$10 billion, reversing a 2016 decline. Most of the money came from the US and Europe, and the State Bank of Vietnam reported strong forex purchases.

- Date: 2018-02-21 · published 2018-02-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66774-overseas-remittances-revive-us-10-billion-to-vietnam-in-2017-vov-vn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher remittance inflows support the dong and household spending power, which can aid demand for imported feed and food. The effect on feed commodity prices is modest.

## Read by commodity

- USDVND: bearish ▼

## Sources

- english.vov.vn: https://english.vov.vn/en/economy/overseas-remittances-revive-us10-billion-to-vietnam-in-2017-369001.vov

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.