The Tân Sơn Nhất Airport Customs Sub-department in Hồ Chí Minh City has set up a customs clearance area intended for ‘Việt Kiều’, overseas Vietnamese, only.
The area, including instruction desks and priority customs clearance counters, was put into operation yesterday and will be maintained until February 24.
The new customs facility is to serve customs clearance for overseas Vietnamese returning to their homeland to celebrate Tết (Lunar New Year), which will fall on February 10, the sub-department said.
In addition, volunteers from the Communist Youth Unions of the agency, the airport, and the Tân Sơn Nhất Ground Trading Enterprise, will give Việt Kiều assistance related to customs declaration, luggage and goods.
Last year, total remittances sent to Việt Nam by overseas Vietnamese were about US$9.2-9.5 billion, lower than the expected amount of $11 billion, but higher than the 2011 figure of $9 billion, or 10 percent of the country’s GDP that year.
The annual growth of such remittances is 10-15 percent.
According to a recent report by the World Bank, total inward remittance in developing countries in 2012 amounted to US$406 billion, up 6.5 percent from 2011.
India topped the list with $70 billion, followed by China with $66 billion, the Philippines and Mexico with $24 billion each, and Nigeria with $21 billion.
With the above-mentioned remittances in 2012, Việt Nam ranked seventh on the list.