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The State Bank of Vietnam resumed buying US dollars from commercial banks on January 7, after a six-month pause, with net purchases of about US$200 million. The move followed a VND500 increase in its dollar buying rate.
Foreign reserves were US$63.5 billion at the end of 2018.
Renewed dollar buying supports the dong and gives the central bank room to manage FX pressure, which steadies the cost of dollar-priced feed imports. The price effect on feed markets is limited.
en.vietstock.vnJan 9, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
