The USD/VND exchange rate remains under pressure as ongoing trade tensions push the USD higher.

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to US$95 billion by the end of the year as the State Bank of Vietnam rebuilds its stockpile.

Vietnam’s foreign exchange reserve has hit a new record high of US$92 billion, a significant expansion from US$84 billion which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.