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Vietnam Forex Reserves Hit Record High of $38 Billion

21:11 | 25/06/2016 Finance Follow english.haiquanonline.com.vn on
Vietnam’s foreign exchange reserves have risen 26.6 percent this year to around US$38 billion, the highest ever level, news website Saigon Times Online quoted the central bank governor as saying.
vietnam forex reserves hit record high of 38 billion Vietnam's central bank adds $7 billion to forex reserves: report
vietnam forex reserves hit record high of 38 billion Monetary policy stability faces challenges
vietnam forex reserves hit record high of 38 billion Vietnam’s public debt to double in ten years: expert

The State Bank of Vietnam has bought nearly $8 billion this year, Le Minh Hung said.

He expected a continued rise, and said gold reserves are also rising though still at a low level.

In late March a central bank source had said reserves including gold had reached $40 billion.

“Both gold and foreign exchange markets are well under the central bank’s control,” Hung said.

The bank would tighten control over imports and exports by foreign companies, he said.

Exports by foreign businesses increased by 7.7 percent year-on-year to $48.3 billion in the first five months, according to figures from the General Statistics Office of Vietnam. They accounted for 71.3 percent of Vietnam’s total exports.

vietnam forex reserves hit record high of 38 billion Deputy PM discusses bad debt settlement with VAMC

Deputy Prime Minister Vuong Dinh Hue and the Vietnam Asset Management Company (VAMC) discussed the settlement of ...
Source: thanhniennews
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