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Vietnam's foreign reserves rose 130% to nearly US$64 billion over two and a half years, according to Prime Minister Nguyen Xuan Phuc. The State Bank of Viet Nam has bought foreign currency through three-month futures contracts since February 7 rather than spot trades, which limits the dong liquidity it injects.
Fitch forecasts reserves of about $66 billion by year-end.
The central bank's shift to futures purchases helps keep the dong stable, which limits the feed import cost swings for Vietnamese buyers. The impact on grain and oilseed prices is minimal.
en.vietstock.vnMay 23, 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.
