# Vietnam’s foreign reserves hit $64 billion

> 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.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/65316-vietnam-s-foreign-reserves-hit-64-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 dong moves, which limits the currency pressure on Vietnamese feed import costs. The effect on grain and meal prices is minimal.

## Sources

- hanoitimes.vn: https://hanoitimes.vn/vietnams-foreign-reserves-hit-64-billion-4583.html

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