Emigration from Vietnam and Remittances Management
Research Article
How to Cite
Nguyen Dac H. Emigration from Vietnam and Remittances Management. DEMIS. Demographic Research. 2022. Vol. 2. No. 1. P. 69–79. DOI: https://doi.org/10.19181/demis.2022.2.1.6
Abstract
The migration of Vietnamese people abroad to live and do business there is associated with the transfer of money back home to relatives and family members, which is commonly known as remittances. Over the past 100 years, Vietnam has witnessed many waves of population migration abroad with many different causes and conditions. As a result of Vietnamese migration abroad, remittances increased. Remittances make up a considerable part of Vietnam’s GDP, and they are not only an important source of income for many families but also an important source of foreign currency capital to ensure the balance of payments. In general, remittances contribute significantly to promoting the economic and socio-economic growth of developing countries like Vietnam. In the context of the current trend of economic integration and globalization, the fact that Vietnamese people migrate abroad, live and do business there transferring money back home is a positive point for the country. Taking into account the important role of remittances, accurate identification of their sources is extremely important for appropriate management solutions. The article builds some general theoretical bases on migration and remittances, analyzes the major trends in Vietnamese migration abroad over the past 50 years, and clarifies the current situation with the money transfers from migrants. Also, the author makes some recommendations on managing migration on remittances.
Keywords:
migration, remittances, Vietnam, labor export, economic integration, management, policy recommendations
References
1. Viet Nam Migration Profile 2016. Ha Noi: International Organization for Migration, 2017. 116 p. Reference No. ENG0542. URL: https://publications.iom.int/books/viet-nam-migration-profile-2016.
2. International Organization for Migration. World Migration Report 2022. Geneva: International Organization for Migration, 2021. 52 p. ISBN: 978-92-9268-076-3. Reference No. PUB2021/032/L*. URL: https://publications.iom.int/books/world-migration-report-2022.
3. International Monetary Fund. Research Dept. World Economic Outlook, April 2020. Washington, DC: International Monetary Fund, 2020. 158 p. ISBN: 9781513539744. DOI: https://doi.org/10.5089/9781513539744.081.
4. Brucker H., Jahn E. J. Migration and Wage-Setting: Reassessing the Labor Market Effects of Migration. The Scandinavian Journal of Economics. 2011. Vol. 113. No. 2. Pp. 286–317. DOI: https://doi.org/10.1111/j.1467-9442.2010.01634.x.
5. World Bank. Global Economic Prospects 2006: Economic Implications of Remittances and Migration. Washington DC: World Bank, 2006. 157 p. ISBN: 978-0-8213-6344-4. DOI: https://doi.org/10.1596/978-0-8213-6344-7.
6. Koh P. You Can Come Home Again: Narratives of Home and Belonging among Second-Generation Việt Kiều in Vietnam. Journal of Social Issues in Southeast Asia. 2015. Vol. 30. No. 1. Pp. 173–214. DOI: https://doi.org/10.1355/sj30-1f.
7. Szymańska-Matusiewicz G. The Vietnamese Communities in Central and Eastern Europe as Part of the Global Vietnamese Diaspora. Central and Eastern European Migration Review. 2015. Vol. 4. No. 1. Pp. 5–10. URL: http://www.ceemr.uw.edu.pl/vol-4-no-1-june-2015/editorial/vietnamese-communities-central-and-eastern-europe-part-global
8. Review of Vietnamese Migration Abroad. Ha Noi: Consular Department, Ministry of Foreign Affairs of Viet Nam, 2012. 76 p. URL: http://eeas.europa.eu/archives/delegations/vietnam/documents/eu_vietnam/vn_migration_abroad_en.pdf.
9. International Organization for Migration. Glossary on Migration. Geneva: International Organization for Migration, 2019. 236 p. ISSN: 1813-2278. URL: https://publications.iom.int/system/files/pdf/iml_34_glossary.pdf.
10. General Principles and Operational Guidelines for Fair Recruitment & Definition of Recruitment Fees and Related Costs. International Labour Office – Fundamental Principles and Rights at Work Branch, Labour Migration Branch. Geneva: International Labor Organization, 2019. 34 p. ISBN: 978-92-2-133333-3.
11. Vu T. T. Vietnamese Migrant Women Working Abroad: Risks and Challenges for Accessing Support Services. DEMIS. Demographic Research. 2021. Vol. 1. No. 1. P. 71–78. DOI: https://doi.org/10.19181/demis.2021.1.1.8.
12. Lindgren D., Ratnawulan D., Tuenpakdee N. Labour Market Assessment: Identifying Opportunities for Vulnerable Vietnamese from Selected Provinces of Viet Nam. Ha Noi: International Organization for Migration, 2021. 95 p. ISBN: 978-92-9268-096-1. URL: https://publications.iom.int/books/labour-market-assessment-identifying-opportunities-vulnerable-vietnamese-selected-provinces.
13. Thi Thai Ha Trân. Education financing in Vietnam. International Journal of Education of Sèvres [Revue internationale d’éducation de Sèvres]. Conference: Education in Asia in 2014: What Global Issues? 2014. ISSN: 2261-4265. URL: http://journals.openedition.org/ries/3895.
2. International Organization for Migration. World Migration Report 2022. Geneva: International Organization for Migration, 2021. 52 p. ISBN: 978-92-9268-076-3. Reference No. PUB2021/032/L*. URL: https://publications.iom.int/books/world-migration-report-2022.
3. International Monetary Fund. Research Dept. World Economic Outlook, April 2020. Washington, DC: International Monetary Fund, 2020. 158 p. ISBN: 9781513539744. DOI: https://doi.org/10.5089/9781513539744.081.
4. Brucker H., Jahn E. J. Migration and Wage-Setting: Reassessing the Labor Market Effects of Migration. The Scandinavian Journal of Economics. 2011. Vol. 113. No. 2. Pp. 286–317. DOI: https://doi.org/10.1111/j.1467-9442.2010.01634.x.
5. World Bank. Global Economic Prospects 2006: Economic Implications of Remittances and Migration. Washington DC: World Bank, 2006. 157 p. ISBN: 978-0-8213-6344-4. DOI: https://doi.org/10.1596/978-0-8213-6344-7.
6. Koh P. You Can Come Home Again: Narratives of Home and Belonging among Second-Generation Việt Kiều in Vietnam. Journal of Social Issues in Southeast Asia. 2015. Vol. 30. No. 1. Pp. 173–214. DOI: https://doi.org/10.1355/sj30-1f.
7. Szymańska-Matusiewicz G. The Vietnamese Communities in Central and Eastern Europe as Part of the Global Vietnamese Diaspora. Central and Eastern European Migration Review. 2015. Vol. 4. No. 1. Pp. 5–10. URL: http://www.ceemr.uw.edu.pl/vol-4-no-1-june-2015/editorial/vietnamese-communities-central-and-eastern-europe-part-global
8. Review of Vietnamese Migration Abroad. Ha Noi: Consular Department, Ministry of Foreign Affairs of Viet Nam, 2012. 76 p. URL: http://eeas.europa.eu/archives/delegations/vietnam/documents/eu_vietnam/vn_migration_abroad_en.pdf.
9. International Organization for Migration. Glossary on Migration. Geneva: International Organization for Migration, 2019. 236 p. ISSN: 1813-2278. URL: https://publications.iom.int/system/files/pdf/iml_34_glossary.pdf.
10. General Principles and Operational Guidelines for Fair Recruitment & Definition of Recruitment Fees and Related Costs. International Labour Office – Fundamental Principles and Rights at Work Branch, Labour Migration Branch. Geneva: International Labor Organization, 2019. 34 p. ISBN: 978-92-2-133333-3.
11. Vu T. T. Vietnamese Migrant Women Working Abroad: Risks and Challenges for Accessing Support Services. DEMIS. Demographic Research. 2021. Vol. 1. No. 1. P. 71–78. DOI: https://doi.org/10.19181/demis.2021.1.1.8.
12. Lindgren D., Ratnawulan D., Tuenpakdee N. Labour Market Assessment: Identifying Opportunities for Vulnerable Vietnamese from Selected Provinces of Viet Nam. Ha Noi: International Organization for Migration, 2021. 95 p. ISBN: 978-92-9268-096-1. URL: https://publications.iom.int/books/labour-market-assessment-identifying-opportunities-vulnerable-vietnamese-selected-provinces.
13. Thi Thai Ha Trân. Education financing in Vietnam. International Journal of Education of Sèvres [Revue internationale d’éducation de Sèvres]. Conference: Education in Asia in 2014: What Global Issues? 2014. ISSN: 2261-4265. URL: http://journals.openedition.org/ries/3895.
Article
Received: 05.11.2021
Accepted: 28.02.2022
Citation Formats
Other cite formats:
APA
Nguyen Dac, H. (2022). Emigration from Vietnam and Remittances Management. DEMIS. Demographic Research, 2(1), 69–79. https://doi.org/10.19181/demis.2022.2.1.6
Section
Economic Demography
