The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
The US remained Vietnam’s largest export market with a value of nearly US$21.6 billion as of mid-July, accounting for 19% of the total.
Vietnam’s foreign reserves has increased by 130% to nearly US$64 billion in the past two-and-a-half years, Prime Minister Nguyen Xuan Phuc has said.
The State Bank of Vietnam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.
The State Bank of Vietnam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to a new record high of more than US$57 billion till February 6.
Adoption of appropriate policies by the State Bank of Vietnam (SBV) has helped it buy a large amount of US dollar to increase the nation’s foreign reserves, industry insiders said.
The State Bank of Vietnam on November 17 raised the reference VND/USD exchange rate by eight dong, taking it to a record high of VND22,101 per US dollar.
With over US$40 billion in foreign currency reserves, Vietnam can cover three months of imports.
VOV.VN - On April 26, Prime Minister Nguyen Xuan Phuc attended a ceremony marking the 65th anniversary of the State Bank of Vietnam (SBV) which received the Ho Chi Minh Order for the third time.
Vietnam’s foreign reserves have hit a record high of US$40 billion, according to a source from the State Bank of Vietnam (SBV).
The country's foreign exchange reserves excluding gold have been increasing continuously, reaching US$37 billion by the end of July, Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said.
(VOV) - The Vietnamese government has proposed plans to borrow from its foreign exchange reserves after struggling to issue debt in the bond markets – seven bond auctions failed in May alone.
Vietnam's government has added sources formulating the State foreign reserves, which is viewed as a good move to enrich the reserves and strengthen the resilience of the economy.
The State Bank of Vietnam received US$10 billion in the first four months of 2014, raising the total foreign reserves to US$35 billion, Governor Nguyen Van Binh announced.
The Hong Kong and Shanghai Banking Corporation (HSBC) has expressed its optimism about the country’s economic prospects.