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Prime Minister Nguyen Xuan Phuc said Vietnam's foreign reserves rose 130% in two and a half years to nearly US$64 billion. He also said the exchange rate has stayed stable and inflation is under control.
Fitch forecasts reserves of about $66 billion by end-2018.
Large reserves give the central bank room to smooth dong moves, which limits the currency pressure on Vietnamese feed import costs. The effect on grain and meal prices is minimal.
hanoitimes.vnH Ha ThuMay 24, 2018Not 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.
