Vietnam's foreign currency reserves at US$40 billion

by VTV406 October 2016 Last updated at 06:31 AM

VTV.vn - Vietnam's foreign currency reserves have grown rapidly over the last nine months said the Governor of the State Bank of Vietnam Le Minh Hung at the monthly Government meeting recently.

So far this year, the State Bank of Vietnam has bought 11 billion USD in foreign exchange, increasing the country's reserves to a record high of more than 40 billion USD. This will allow the SBV to stabilise foreign exchange rates in the 4th quarter, when the demand for foreign currency will be very high. Although the State Bank of Vietnam changes the exchange rates daily, the rates at commercial banks have not changed much. In today's trading session, the reference exchange rate for the Vietnamese dong against the US dollar was announced at 21.964 VND per USD.

Top VND Exchange Rates

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EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
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25,226.0
0.00006
15,674.0

Mid-market rates: 2024-11-09 21:26 UTC