Vietnam’s foreign reserves reach record high
(VOVWORLD) -Minister-Chairman of the Government Office Mai Tien Dung has announced that Vietnam’s foreign reserves have hit a record high of 63 billion USD.
 (Source: VNA) |
Mr. Dung told a press conference following the recent cabinet meeting for April that the State Bank of Vietnam has bought in 32 billion USD worth of hard currencies over the past two years. Experts attributed the increasing reserves to the central bank’s flexible rate management mechanism, and currency supply from exports, foreign investment, official development assistance, tourism and remittances.