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    Remitting Desire: Trans-Pacific Migration, Returns and Imaginaries in Vietnam

    Small, Ivan V. | July 2019
    Abstract
    The 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).
    Citation
    Small, Ivan V.. 2019. Remitting Desire: Trans-Pacific Migration, Returns and Imaginaries in Vietnam. © ISEAS Yusof Ishak Institute. http://hdl.handle.net/11540/10941.
    Keywords
    Cash transfer
    Urban Development Finance
    Trade Finance
    Small Business Finance
    Rural Finance
    Roundtable on International Trade and Finance
    Regional Development Finance
    Public Service Finance
    Public Finance
    Project Finance
    Private Finance
    Nonbank Financing
    Non-Bank Financial Institutions
    Municipal Finance
    Local Government Finance
    Local Currency Financing
    Limited Resource Financing
    International Financial Institutions
    Infrastructure Financing
    Industrial Finance
    Government Financial Institutions
    Government Finance
    Financing of Infrastructure
    Financial Sector Development
    Financial Regulation
    Immigration
    Trade in services
    Services sector
    GATS (General Agreement for Trade in Services)
    Market access
    Guest workers
    Work permission
    Visas
    Migration
    Rural Urban Migration
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    International Banking
    Central Banks
    Business Financing
    Capital Resources
    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
    Low Income Groups
    Socially Disadvantaged Children
    Rural Conditions
    Rural Development
    Social Conditions
    Grants
    Loans
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    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
    Distribution of income
    Inequality of income
    Developing countries
    Rural community development
    Mass society
    Social change
    Social policy
    Social stability
    Population
    Sustainable development
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    Citable URI
    http://hdl.handle.net/11540/10941
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    ISEAS_Perspective_2019_56.pdf (650.1Kb)
    Author
    Small, Ivan V.
    Theme
    Labor Migration
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise