09:39 30/06/2022

Viet Dragon Securities: SBV managing exchange rate

Vũ Phong -

According to the Viet Dragon Securities Company, more than $10 billion in foreign exchange reserves have been sold since the beginning of the year. At the same time, after just four trading sessions, the State Bank of Vietnam (SBV) has net bought nearly VND70 trillion ($3.01 billion) from open market operations (OMO). As a result, the pressure on the USD/VND exchange rate eased significantly.

Photo: Illustration
Photo: Illustration