Vietnam’s forex reserves forecast to recover by year-end

Vietnam’s forex reserves forecast to recover by year-end

Moody’s Investor Service has forecast that Vietnam’s forex reserves excluding gold will rebound to 95 billion USD by the end of the year as the State Bank of Vietnam rebuilds its stockpile.
Central bank sells greenback to stabilise forex market

Central bank sells greenback to stabilise forex market

The State Bank of Vietnam (SBV) has so far this year sold about 12-13 billion USD to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
State bank has not yet licensed any forex exchange

State bank has not yet licensed any forex exchange

VCN- In particular, the Deputy Minister of Industry and Trade emphasized that, in addition to the risks of assets, traders and brokers in illegal foreign currency trading floors have violated the law and shall be fined up to VND5 billion or face up to fiv
Vietnam’s forex reserve sets new record

Vietnam’s forex reserve sets new record

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.
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