82% Vietnamese Foreign reserves are in Central foreign oversea banks
Tuesday, 30. September 2008, 14:36:27
Governor of Sate Bank of Vietnam announces today (Sep 30) that Foreign reserves of Vietnam is now almost USD 22 billion, 82% of those reserves are deposited in Central foreign oversea banks.
On June 19, 2008, it is the first time, under approval from Government, SBV Governor announced foreign reserves of Vietnam at USD 20.7 billion. The Governor said that Vietnamese foreign reserves at Central oversea banks are safe as they are in creditable banks of US, EU members.
He also insists that Vietnam doesn't involve in trouble with collapsed financial institutions like Lehman Brothers and other US banks, which are currently deepened in financial crisis.
Vietnamese foreign reserves are safe at credible foreign banks abroad.
The failure of US financial bail out plan is affecting other countries. Vietnam is also eyeing if some negative affects can hit the economy, which is under tighten monetary policy.
Meanwhile, after the exchange rate fever late May, early June this year, the exchange rate between VND vs USD are kept stable in Vietnam. Bank liquidation is maintained well recently.
SBV leader also announces cash mobilized from people (civil sector) increases 28.5% for VND and 31.8% for foreign currencies in the first 9 months of the years./.
On June 19, 2008, it is the first time, under approval from Government, SBV Governor announced foreign reserves of Vietnam at USD 20.7 billion. The Governor said that Vietnamese foreign reserves at Central oversea banks are safe as they are in creditable banks of US, EU members.
He also insists that Vietnam doesn't involve in trouble with collapsed financial institutions like Lehman Brothers and other US banks, which are currently deepened in financial crisis.
Vietnamese foreign reserves are safe at credible foreign banks abroad.
The failure of US financial bail out plan is affecting other countries. Vietnam is also eyeing if some negative affects can hit the economy, which is under tighten monetary policy.
Meanwhile, after the exchange rate fever late May, early June this year, the exchange rate between VND vs USD are kept stable in Vietnam. Bank liquidation is maintained well recently.
SBV leader also announces cash mobilized from people (civil sector) increases 28.5% for VND and 31.8% for foreign currencies in the first 9 months of the years./.
WIDGETIZE
How to use Quote function: