# Vietnam Treasury buys $150mln in first time public offering - Vietnam News - ASEAN NOW

> The State Treasury of Vietnam bought $150 million in the spot market through a public offering, the first time it has done so. It bought from 30 commercial banks to fund foreign-currency state budget payments.

- Date: 2021-10-11 · published 2021-10-11T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/44873-vietnam-treasury-buys-150mln-in-first-time-public-offering-vietnam-news-asean
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The dollar purchases add demand for USD and put mild upward pressure on USD/VND. The amount is small relative to the market, so the effect on feed costs is limited.

## Read by commodity

- USDVND: bullish ▲

## Sources

- aseannow.com: https://aseannow.com/topic/1235022-vietnam-treasury-buys-150mln-in-first-time-public-offering/

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