# The SBV Net Withdraws VND 18trillion - InFocus Vietnam

> The State Bank of Vietnam withdrew 18 trillion dong from the banking system in the week of September 30 to October 4 through open market operations. It also bought foreign currency, lifting reserves to about $70 billion, and GDP grew 6.98 percent in the first nine months of 2019.

- Date: 2019-10-09 · published 2019-10-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/56867-the-sbv-net-withdraws-vnd-18trillion-infocus-vietnam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Domestic liquidity operations and reserve purchases affect the dong's stability, which feeds into Vietnam's cost of imported feed ingredients, though the effect on prices is indirect.

## Sources

- infocusvietnam.com: https://www.infocusvietnam.com/banking/the-sbv-net-withdraws-vnd-18trillion

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