# Vietnam’s foreign exchange reserves stand at $80 bln: broker

> The State Bank of Vietnam sold about $9.4 billion in 2024 to defend the exchange rate, leaving reserves near $80 billion, equal to 2.5 months of imports versus 3.3 months at end-2023. The broker says the dong's 2024 moves stayed within the central bank's permissible range.

- Date: 2024-12-29 · published 2024-12-29T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27272-vietnam-s-foreign-exchange-reserves-stand-at-80-bln-broker
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Lower reserve cover reduces the central bank's capacity to defend the dong, which could keep pressure on dollar-priced feed imports into 2025.

## Read by commodity

- USDVND: neutral

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnams-foreign-exchange-reserves-stand-at-80-bln-broker-d13968.html

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