DUBLIN, May 28, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q83sr5/market_overview) has announced the addition of the "Market Overview of the Money Remittance Market in Southeast Asia (SEA)" report to their offering.
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The study outlines the key trends in the migration and remittance market in Southeast Asia. The Philippines and Vietnam together contribute to more than half of the region's remittances. North America and the Middle East are the top regions remitting funds into Southeast Asia, while China and India are the two largest recipients of remittance from Southeast Asia. The market provides attractive opportunities for investors in the near future during the period 2015-2018.
In terms of inter-region remittance outflow from SEA, the 3 largest remittance recipients are from Asia- Pacific, while most of the inflow came from North America and the Middle Eastern countries.
China and India are the largest recipients of inter-region remittance from the SEA region, as migrants from these two countries fill up domestic jobs in the SEA region. Meanwhile, US is the largest source country for remittance into the SEA region due to a large population of Filipinos and Vietnamese in the country.
Indonesia received the highest remittance from within SEA countries reflecting the high number of Indonesians working abroad in the region. A majority of the Indonesian remittance inflow was from Malaysia and Singapore where many Indonesian are working in due to their proximity.
The top remittance corridors for SEA countries in 2014 are the US - Philippines, US - Vietnam, and UAE - Philippines routes. In terms of intra-region corridor, Malaysia - Indonesia was the largest route in 2014.
The two largest corridors, namely the US - Philippines and US - Vietnam routes are attributed to long- standing ties between these two countries and high migration of Filipinos and Vietnamese to the US since the World War II. The UAE - Philippines route has grown tremendously in recent years, as the economic expansion in the Middle East has led to a high demand for overseas workers in UAE.
Key Topics Covered:
1. Market Overview of the Money Remittance Market in Southeast Asia (SEA)
2. Executive Summary
4. Overview of Money Remittance in SEA
5. Analysis of the Inter-region Money Remittance Market in SEA
6. Analysis of the Intra-region Money Remittance Market in SEA
7. Top Corridors of Remittance Flows - The First Step for Strategic Positioning
For more information visit http://www.researchandmarkets.com/research/q83sr5/market_overview
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets