Central bank pumps over $5 bln into foreign currency market

The State Bank of Vietnam (SBV) has pumped some VND118 trillion ($5.13 billion) into the foreign currency market after completing nearly 75 per cent of its purchase contracts. Liquidity in the banking system is expected to remain abundant for the time being, with some VND40 trillion ($1.74 billion) flowing through the channel during the remainder of August.