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Vietnam Overseas Remittances
During the 1980s, informal aid in the form of packages and
remittances from overseas Vietnamese played an important role in
improving the living standards of many families, maintaining the
domestic economy, and boosting the country's holdings of hard
currency. Vietnamese customs officials in 1983 told a Western
journalist that packages from overseas relatives--valued at some
US$70 million annually in Western products--generated between
US$10 million and US$20 million annually in customs revenues
alone. Remittances from overseas Vietnamese were believed to
provide an additional US$100 million or more in annual foreign
exchange earnings.
Data as of December 1987
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