Foreign currency reserve to reach 50 billion USD

The Governor of the State Bank of Vietnam, Le Minh Hung announced that the current foreign currency reserves stand at 48 billion USD - a 6 billion USD increase from the same period last year and the highest ever recorded.

Some of the notable activities this year were the state divestment drive from key corporations and investment in the stock market. Moreover, overseas remittances tend to pour in at the end of the year.

Remittances in HCM City in November stood at over 4.5 billion USD. 60% of the remittances come from the US and 19% come from Europe.