# Viet Nam’s foreign reserves hit US$64bn | Vietstock

> 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.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/65317-viet-nam-s-foreign-reserves-hit-us-64bn-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2018/05/viet-nam%E2%80%99s-foreign-reserves-hit-us$64bn-37-322109.htm

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