SBV buys nearly US$4.9 billion in Jan-Apr
HCMC – The State Bank of Vietnam, or SBV, bought nearly US$4.9 billion in the first four months of this year, thus shoring up the country’s foreign exchange reserves, according to the Ministry of Planning and Investment. As the exchange rate between the U.S. dollar and the Vietnamese dong remained
SBV seen buying up to US$12 billion in 2023
HCMC – KB Securities Vietnam Joint Stock Company (KBSV) has forecast that the State Bank of Vietnam (SBV) might buy US$10-12 billion this year to shore up the country’s foreign reserves. The SBV, the nation’s central bank, bought around US$2 billion on January 11 and 13 when the dollar-dong
Central bank urges compliance with forex rules
HCMC – The HCMC branch of the State Bank of Vietnam (SBV) has told local banks and foreign bank branches to strictly comply with foreign exchange regulations after the trading band of the Vietnamese dong currency was widened from 3% to 5% on either side of the central exchange rate. The central