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foreign exchange reserves

Central bank might work to increase nations foreign exchange reserves

Central bank might work to increase nation’s foreign exchange reserves

According to data from WiChart, the SBV has maintained the buying rate at VNĐ23,400 per dollar since mid-May 2023.
VNs foreign exchange reserves reach US92.43 billion

VN’s foreign exchange reserves reach US$92.43 billion

The State Bank of Vietnam (SBV) last month bought about US$0.65 billion, bringing Viet Nam''s foreign exchange reserves to $92.43 billion, according to the BSC Securities Company (BSC).
Viet Nams foreign exchange reserves to grow this year

Viet Nam's foreign exchange reserves to grow this year

Viet Nam''s foreign exchange reserves will recover to the level of three months of imports and reach $102 billion by the end of this year from the current level of $89 billion.
Fitch raises rating for Viet Nam

Fitch raises rating for Viet Nam

Fitch Ratings has upgraded Viet Nam’s sovereign rating based on the country’s rising foreign exchange reserves and strong economic growth.
Foreign reserves at record 57b

Foreign reserves at record $57b

State Bank of Viet Nam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to more than US$57 billion till February 6.
Foreign exchange reserves hit record 45 billion

Foreign exchange reserves hit record $45 billion

Viet Nam’s foreign exchange reserves are at an all-time high of US$45 billion, Party General Secretary Nguyen Phu Trong said.
SBV hiking foreign reserves

SBV hiking foreign reserves

The State Bank of Viet Nam (SBV) unexpectedly resumed the issue of bills worth VND8 trillion (US$350.9 million) this week, a move aimed at increasing the nation’s foreign currency reserves.
Foreign exchange reserves at record high of 42 billion

Foreign exchange reserves at record high of $42 billion

Viet Nam’s foreign exchange reserves are at an all-time high of US$42 billion, Le Minh Hung, governor of the State Bank of Viet Nam (SBV), said on Monday.
Foreign exchange reserves skyrocket

Foreign exchange reserves skyrocket

Viet Nam''s foreign exchange reserves, exclusive of gold, reached a record high of US$38 billion in mid-June, said State Bank of Viet Nam Governor Le Minh Hung.
Forex reserves hit 37 billion

Forex reserves hit $37 billion

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 Viet Nam Nguyen Van Binh said.
Forex policy aims to control trade deficit

Forex policy aims to control trade deficit

As a trade deficit pressure on exchange rate has been predicted, the State Bank of Viet Nam is actively operating a forex policy consistent with trade deficit and economic growth.
SBV to buy ‘idle gold bars for forex reserve

SBV to buy ‘idle' gold bars for forex reserve

The State Bank of Viet Nam (SBV) will buy gold bars lying idle with domestic individuals and organisations to increase Viet Nam''s foreign exchange reserves as and when conditions permit.
Businesses gain access to cheaper bank loans

Businesses gain access to cheaper bank loans

Since mid-April businesses have been able to borrow more easily from banks, many of which have cut both deposit and lending interest rates in addition to launching several preferential credit programmes.