vietnamnews Update: October, 23/2017 – 17:24
|Deputy Governor of State Bank of Việt Nam Nguyễn Thị Hồng. – Photo SBV|
Viet Nam News HÀ NỘI — Record-high foreign reserves will enable Việt Nam’s central bank to keep the đồng, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.
With reserve levels at US$45 billion, “we are confident we will be able to maintain the đồng’s value,” in 2017, Nguyễn Thị Hồng, deputy governor of State Bank of Việt Nam (SBV), said on the sidelines of a meeting in Hội An last Saturday. “Such a high level of foreign reserves will allow us to step in to stabilise the money market when needed,” she added.