Money transfers to Vietnam were nearly 10 times higher in 2021 than money sent from the country. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Vietnam, the top five recipient countries for remittances in 2021 included Thailand, Bangladesh, Indonesia, China, and Japan. Vietnam's five main sources for remittances were the United States, Japan, Australia, China, and Canada.
Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021
(in million U.S. dollars)
Destination territory/territory of origin
Remittances sent from Vietnam
Remittances received in Vietnam
Net balance in Vietnam (remittances received minus remittances sent)
Remittance figures have a publication delay. Numbers cover 2021, but were reported in late 2022; All numbers are in current (nominal) U.S. dollars; See the "Details" tab for more information on the source methodology
Supplementary notes
The source adds the following information:
No numbers are available for Venezuela;
Due to political and economic situations, the flows between certain countries was considered to be 0 (zero). These countries included: India and Pakistan (and vice versa), Lebanon and Israel (and vice versa), and Azerbaijan and Armenia (and vice versa);
The source emphasizes several times that the numbers provided are estimates, as the data suffers from several issues. These relate to, for example, the frequency of migrant data updating per country, the lack of data on informal money transfers or the possibility of retirees moving abroad but then withdrawing savings from their country of origin.
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Statista. (December 18, 2022). Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/
Statista. "Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021 (in million U.S. dollars)." Chart. December 18, 2022. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/
Statista. (2022). Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/
Statista. "Value of Remittances Sent From/to Vietnam To/from Other Countries or Territories Worldwide in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 18 Dec 2022, https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/
Statista, Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/ (last visited October 30, 2024)
Value of remittances sent from/to Vietnam to/from other countries or territories worldwide in 2021 (in million U.S. dollars) [Graph], Statista, December 18, 2022. [Online]. Available: https://www.statista.com/statistics/941344/outgoing-remittance-from-vietnam-by-country-of-destination/
