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June 30, 2022 | 09:39

Viet Dragon Securities: SBV managing exchange rate

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.

Viet Dragon Securities: SBV managing exchange rate
Photo: Illustration

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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