Vietnam steadfast on keeping exchange rate stable, fighting forex hoarding

Vietnam steadfast on keeping exchange rate stable, fighting forex hoarding

The State Bank of Vietnam (SBV) will stay steadfast on keeping the USD/VND exchange rate stable and dampening forex hoarding by those expecting further dong devaluation, a central bank official has stated.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam forex reserves down to $87 bln, within safety threshold

Vietnam forex reserves down to $87 bln, within safety threshold

The State Bank of Vietnam (SBV) has sold about $22 billion from its foreign exchange reserves so far this year, bringing it down to about $87 billion.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7