# Foreign reserves hit record high of 57 billion USD

> The State Bank of Vietnam raised its foreign exchange reserves to a record of more than US$57 billion as of February 6, with net dollar purchases of over US$4 billion so far this year. Forecasts point to a stable forex market and a modest dong depreciation in 2018.

- Date: 2018-02-09 · published 2018-02-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66775-foreign-reserves-hit-record-high-of-57-billion-usd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Large reserves and central bank dollar buying reduce currency volatility for Vietnamese importers of feed ingredients. The story is macro context with little direct effect on feed commodity prices.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/foreign-reserves-hit-record-high-of-57-billion-usd-post126348.vnp

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