Money Remittance to Vietnam Fuels Spread of American Pop-Culture
Vietnamese expatriates and their children, especially those living in North America, are having a profound effect on life in Vietnam, according to recent surveys. The money transferring to Vietnam from expats to relatives, combined with the substantial expat investment in Vietnamese businesses, adds up to an astonishing 18 percent of Vietnam’s annual economy.
You can see the effects of this massive money transfer to Vietnam simply by walking down the main streets of Saigon, where it is easy to spot an array of American fast-food chains. There is even an Apple computer store in the heart of one of the last Communist cosmopolitan areas outside of China. Investments from the West have elevated U.S. pop culture and food in Vietnam, and some experts believe that these small economic and cultural changes may be sowing the seeds for a more fundamental restructuring of life in South Asia.
Whether you’re a Vietnamese national who wants to send money to your family back home, or a business owner who’s engaged in international trade, the most convenient and economical way to send a money remittance to Vietnam is to use a safe, reputable online service. You will pay far less in fees and get a better exchange rate when you send money online than you would if you transferred the money using a bank. The difference can be substantial. You could pay more than three times as much using a bank. Your money will also arrive faster if you send it online, so it’s generally a win-win situation.