Wandering Money: Valuating and Mediating Post-War Remittances in Vietnam

Abstract

Abstract Remittances from the Vietnamese diaspora have played an important role in Vietnam's post-Cold War economic development, providing important inputs to a range of household spending areas, from education to health care. In the case of Vietnam, however, remittances are also caught up with memories and traumas of war, betrayal, separation, and exodus. This article traces that history and illustrates how Vietnam's particular post-war refugee and remittance situations and channels illuminate networks and exacerbate inherent contradictions and comparisons in the mobile flows of finance, people, and goods across borders. Examining genealogies of remittance reception and management offers insight and intervention into analytical assumptions of the distancing and mediating functions inherent to classic conceptions of money, as well as the reciprocity and recognition perceptions mapped onto gift economies.