# Vietnam foreign exchange reserves could hit $102 bln in 2023: securities broker

> VNDirect expects Vietnam's foreign exchange reserves to rise from $90 billion in 2022 to $102 billion by the end of 2023. The reserves had fallen below the IMF-recommended three months of imports after the central bank sold over 20% of its reserves in the first ten months of 2022. The brokerage links the recovery to a $13.4 billion trade surplus and a current account surplus of 1.4% of GDP.

- Date: 2023-01-14 · published 2023-01-14T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38082-vietnam-foreign-exchange-reserves-could-hit-102-bln-in-2023-securities-broker
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A rebuilt reserve buffer would ease pressure on the dong and reduce the risk of currency-driven swings in Vietnamese import costs for feed. The report is a forecast and does not directly move feed commodity prices.

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-foreign-exchange-reserves-could-hit-102-bln-in-2023-securities-broker-d3339.html

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