# Vietnam foreign exchange reserves stable

> Vietnam's foreign exchange reserves have risen steadily in recent years, reaching about USD 100 billion in 2020. The State Bank of Vietnam used the reserves as a buffer to manage the exchange rate through the Covid-19 pandemic without drawing them down.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/43901-vietnam-foreign-exchange-reserves-stable
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A large reserve buffer gives the central bank room to stabilize the dong, which supports predictable import costs for Vietnamese feed buyers.

## Sources

- en.sggp.org.vn: https://en.sggp.org.vn/vietnam-foreign-exchange-reserves-stable-post92453.html
- vietnamnet.vn: https://vietnamnet.vn/en/vietnam-foreign-exchange-reserves-stable-803817.html

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