# Việt Nam’s foreign reserves hit record high $68 billion

> Vietnam's foreign exchange reserves reached a record US$68 billion at the end of June, according to a HCM City Banking University report. The State Bank will keep using the reserves to stabilise the USD/VND rate.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/58393-viet-nam-s-foreign-reserves-hit-record-high-68-billion
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Large reserves give the central bank room to smooth currency swings, which lowers the risk of sharp import-cost shocks for Vietnamese feed buyers.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/523320/viet-nams-foreign-reserves-hit-record-high-68-billion.html

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