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...

With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

VietNamNet Bridge - The national foreign exchange reserves have reached $40 billion, the highest level so far, a source from the State Bank of Vietnam (SBV) said March 24.

The watchdog agency has reassured the public, saying that the dong/dollar exchange rate will not lose more than 2 percent of value by the end of the year and that the foreign exchange reserves have reached $37 billion.

VietNamNet Bridge - Some economists have warned that if the government borrows money from the national foreign exchange reserves, the dong’s strength will be affected.

Vietcombank, one of the largest Vietnamese commercial banks, has wrapped up a deal to buy $1 billion worth of government bonds in dollars after one year of hectic preparations.

Vietnam has witnessed a drain in foreign currencies over the years, with one expert saying that $33 billion flowed out of the country between 2008 and 2013 because of illegal transfer of funds and embezzlement.