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Foreign exchange reserves rise to record $110 bln

Foreign exchange reserves rise to record $110 bln

Vietnam’s foreign exchange reserves have climbed to a record of nearly $110 billion, but experts say it needs to be increased further to prevent possible economic "shocks".

Central bank buys $1.3 bln in foreign currencies

Central bank buys $1.3 bln in foreign currencies

The State Bank of Vietnam has bought up VND30 trillion ($1.29 billion) in foreign currencies from commercial banks, brokerage firm SSI has reported.

Foreign exchange reserves reach new peak

Foreign exchange reserves reach new peak

Vietnam’s foreign exchange reserves climbed a new peak at almost $80 billion, with a quarter of it bought this year, says PM Nguyen Xuan Phuc.

December 29, 2019 | 07:57 pm PT

Vietnam's foreign reserves hit record high of $40 billion: central bank

Vietnam's foreign reserves hit record high of $40 billion: central bank

With over $40 billion in foreign currency reserves, Vietnam can cover three months of imports.

October 20, 2016 | 12:08 am PT

Vietnam seeks new loans to pay off mounting debt: BIDV

Vietnam seeks new loans to pay off mounting debt: BIDV

Vietnam is on the hunt for fresh credit to pay back existing debt after setting aside between 14 and 16 percent of total outstanding government loans and government-guaranteed loans to fulfil its debt obligations, said BIDV, one of the country’s largest lenders by assets, on Wednesday in a report.

June 8, 2016 | 04:11 am PT

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