# Now is right time for Vietnam c.bank to increase forex reserves: Expert | Vietstock

> The State Bank of Vietnam reportedly bought nearly $2 billion in foreign currency in recent weeks, keeping the exchange rate near its buying rate of VND21,175. Foreign exchange reserves were estimated at a record $84 billion in April.

- Date: 2020-08-19 · published 2020-08-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/51917-now-is-right-time-for-vietnam-c-bank-to-increase-forex-reserves-expert-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar purchases that keep the dong stable support import capacity for feed ingredients, but the article has limited direct effect on agricultural prices.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2020/08/now-is-right-time-for-vietnam-cbank-to-increase-forex-reserves-expert-37-415804.htm

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