Vietcombank Remittance one of largest companies in its field

According to the Vietnam Department of Labour’s latest report, the estimated number of Vietnamese labor export workers in 2023 was around 155,000, an increase of 8.55% compared to 2022 and the highest number to date.

According to the same report, approximately 120,000 to 143,000 Vietnamese workers go abroad for work each year.

The remittances sent by these workers amount to around US$3.5–4 billion, contributing greatly to Vietnam’s socioeconomic development.

With the global economy in a downturn, coupled with high inflation and ongoing political tensions, remittance inflows to Vietnam have continued to endure and even increased compared to 2022.

Vietcombank Remittance staffs assisting customers with payout. Photo courtesy of Vietcombank Remittancce

According to the State Bank of Vietnam, the remittance volume to Vietnam in 2023 is estimated to increase by 25–30% compared to 2022.

The remittance report from the State Bank of Vietnam's branch in Ho Chi Minh City indicates that the remittance volume flowing into the city maintaineda strong growth rate in 2023, reaching nearly US$9.5 billion in total.

This is a 43.3% increase compared to 2022, the highest growth rate in the past 10 years, accounting for over 50% of the country's total remittance volume.

Vietcombank Remittance has been able to anticipate and respond to the increasing remittance inflows by analyzing the labor export market and adapting its strategies accordingly.

This proactive approach has allowed Vietcombank Remittance to cater to the needs of Vietnamese export labor workers and facilitate an efficient transfer of funds back to Vietnam.

In September 2023, the company seized the initiative to enhance its partnership with South Korean counterparts by organizing the Korea Partners Conference 2023.

This event marked a crucial milestone, highlighting the unity and close collaboration between Vietcombank Remittance and its South Korean partners, establishing a strong and reliable connection that will not only bring significant economic benefits but also contribute to enhancing the customer experience.

Vietcombank Remittance home delivery service. Photo courtesy of Vietcombank Remittance

With high expertise, flexibility, adaptability to market changes, and consistent high-quality services, Vietcombank Remittance has become the leading remittance company in Vietnam.

Vietcombank Remittance honored as "Remittance Company of the Year 2023". Photo courtesy of Vietcombank Remittance

Additionally, for the second consecutive year, the company has been recognized as the "Remittance Company of the Year" by the Singapore-based magazine Banking and Finance. These achievements demonstrate the company's commitment to excellence and its ability to provide outstanding services.