Foreign exchange reserves hit record $45 billion
Vietnam’s foreign exchange reserves are at an all-time high of US$45 billion, Party General Secretary Nguyen Phu Trong said.
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The reserves have increased by roughly $6 billion against the end of last year.
Previously, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said that the country’s foreign reserves had reached nearly $42 billion by early June.
With this new record, it means the central bank injected more than VND 68 trillion to buy $3 billion in the past three months.
![]() Vietnam's foreign exchange reserves in nine months rose by US$6 billion
against early this year to $45 billion. |
According to the central bank, the liquidity of the domestic foreign exchange market was good and met the demands of local organisations and individuals.
Experts attributed the stability to reasons such as the SBV’s flexible central rate management mechanism, which ensured that the domestic foreign exchange market was less affected by global factors.
Besides this, the domestic supply-demand relationship with the dollar was relatively stable. Foreign currency supply from exports, foreign direct investments (FDIs), official development assistance (ODA) disbursement, tourism and remittances had grown positively in the past nine months, they said.
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