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Autor/UrheberIvan V. Small
TitelRemitting Desire: Trans-Pacific Migration, Returns and Imaginaries in Vietnam ; ISEAS Perspective ; Issue: 2019 No. 56.
QuelleISEAS Yusof Ishak Institute (2019)
PDF als Volltext kostenfreie Datei
Spracheenglisch
Dokumenttyponline; Monographie
SchlagwörterCash transfer; Urban Development Finance; Trade Finance; Small Business Finance; Public Service Finance; Public Finance; Project Finance; Private Finance; Nonbank Financing; Non-Bank Financial Institutions; Municipal Finance; International Financial Institutions; Infrastructure Financing; Industrial Finance; Government Financial Institutions; Government Finance; Financing of Infrastructure; Financial Sector Development; Immigration; Trade in services; Services sector; GATS (General Agreement for Trade in Services); Market access; Guest workers; Work permission; Visas; Migration; Taxation; Public Accounting; National Budget; Municipal Bonds; International Financial Market; International Banking; Central Banks; Business Financing; Budgetary Policy; Capital Needs; Corporate Divestiture; Capital Instruments; Pension Funds; Insurance Companies; Banks; Portfolio Management; Development Indicators; Environmental Indicators; Economic Indicators; Educational Indicators; Demographic Indicators; Health Indicators; Disadvantaged Groups; Socially Disadvantaged Children; Social Conditions; Grants; Use tax; Taxing power; State of taxation; Tax-sales; Tax revenue estimating; Tax planning; Spendings tax; Special assessments; Tax administration and procedure; Sales tax; Progressive taxation; Effect of taxation on land use; Effect of taxation on labor supply; Intergovernmental tax relations; Inheritance and transfer tax; Energy tax; Investment of public funds; Intergovernmental fiscal relations; Social infrastructure; Public works; Government lending; Poor; Economic forecasting; Health expectancy; Social groups; Political; Distribution of income; Inequality of income participation; Inequality of income; Developing countries; Mass society; Social change; Social policy; Social stability; Population; Sustainable development
AbstractThe catalyst for capitalist growth in Vietnam—often dubbed Asia's next Tiger economy1—is frequently ascribed to market reforms starting in 1986 and subsequent foreign investment flows. But diaspora capital sent from abroad has also contributed significantly to Vietnam's economic growth over the last 30 years. Many of Vietnam's so-called "overseas Vietnamese" left as refugees and migrants after the end of the Vietnam War in 1975. International remittances to Vietnam are estimated at around USD 15 billion annually,2 making it one of the top ten destinations in the world for money sent by diaspora populations back to home communities in the Global South. About 7-8 percent of households in Vietnam receive remittances from abroad.3 International remittance flows are higher than overseas development assistance to Vietnam, of which Vietnam is also a top ten recipient. This article examines developments in Vietnam's remittance sector, including how they are being framed and embedded by new monetary policies, technologies, banking and finance trends, and consumer patterns that both enhance and complicate cross-border mobility. The material is drawn in part from my book, Currencies of Imagination: Channeling Money and Chasing Mobility in Vietnam (Cornell University Press 2018).
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