# Central bank resumes dollar purchases to build up foreign reserve | Vietstock

> 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.

- Date: 2019-01-09 · published 2019-01-09T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/61397-central-bank-resumes-dollar-purchases-to-build-up-foreign-reserve-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2019/01/central-bank-resumes-dollar-purchases-to-build-up-foreign-reserve-37-344528.htm

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