# Vietnam central bank buys dollars to shore up reserves after selloff - VnExpress International

> The State Bank of Vietnam said it is buying US dollars again to rebuild foreign exchange reserves after selling roughly $20 billion earlier in 2022 to defend the dong. Officials cited positive signals in the FX market that allow continued purchases.

- Date: 2022-12-28 · published 2022-12-28T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38536-vietnam-central-bank-buys-dollars-to-shore-up-reserves-after-selloff-vnexpress
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar buying tends to firm the USD against the dong, which raises the cost of imported feed inputs priced in dollars for Vietnamese buyers.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/economy/vietnam-central-bank-buys-dollars-to-shore-up-reserves-after-selloff-4553572.html

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