# Vietnam's foreign reserves to return to US$100-billion mark by year-end

> VNDirect forecasts Vietnam's foreign reserves will recover from about US$90 billion to roughly US$102 billion by the end of 2023. The State Bank of Vietnam had sold about 20% of reserves in the first ten months of 2022 to defend the exchange rate. The forecast cites a stable exchange rate, a projected trade surplus of $13.4 billion, and a current account moving into surplus.

- Date: 2023-01-15 · published 2023-01-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38081-vietnam-s-foreign-reserves-to-return-to-us-100-billion-mark-by-year-end
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stronger reserves would reduce pressure on the State Bank to defend the dong, which lowers currency-driven import costs for Vietnamese feed buyers. This is a broker forecast with no direct effect on commodity prices.

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/vietnam-s-foreign-reserves-to-return-to-us-100-billion-mark-by-year-end-2101417.html

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