XINHUA, Hanoi :
Vietnam’s foreign reserve has now hit an all-time record high of 53 billion U.S. dollars, according to the country’s central bank on Wednesday.
The reserve rose by nearly 11 billion dollars from mid-2017 and by roughly 12 billion dollars from late last year. The State Bank of Vietnam, the central bank, well managed the country’s foreign exchange market, keeping exchange rates fairly stable and the reserve at high levels.
The central exchange rate in late 2017 increased around 1.6 percent against early 2017, while the average rate offered by commercial banks dropped 0.2 percent, and that on the free market declined some 1.5 percent, according to Vietnam’s National Financial Supervisory Commission.
Vietnam’s foreign reserve has now hit an all-time record high of 53 billion U.S. dollars, according to the country’s central bank on Wednesday.
The reserve rose by nearly 11 billion dollars from mid-2017 and by roughly 12 billion dollars from late last year. The State Bank of Vietnam, the central bank, well managed the country’s foreign exchange market, keeping exchange rates fairly stable and the reserve at high levels.
The central exchange rate in late 2017 increased around 1.6 percent against early 2017, while the average rate offered by commercial banks dropped 0.2 percent, and that on the free market declined some 1.5 percent, according to Vietnam’s National Financial Supervisory Commission.
