# State Bank sells 9.4 billion USD to stabilize exchange rate

> The State Bank of Vietnam sold about $9.4 billion in 2024 to stabilize the exchange rate, in two phases from April to July and September to December. Reserves are about $80 billion, and the official dong rate rose 4.8% over the year to 25,430 per dollar.

- Date: 2024-12-28 · published 2024-12-28T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27270-state-bank-sells-9-4-billion-usd-to-stabilize-exchange-rate
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar sales limit the dong's fall but signal sustained depreciation pressure, keeping dollar-based feed import costs elevated for Vietnamese buyers.

## Read by commodity

- USDVND: neutral

## Sources

- news.laodong.vn: https://news.laodong.vn/kinh-doanh/ngan-hang-nha-nuoc-ban-ra-94-ti-usd-de-on-dinh-ty-gia-1441997.ldo

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.