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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Vietnam’s reserves decline to $15 bln, VinaSecurities says

Posted on 15 March 2010

From Businessweek.com: Vietnam’s foreign-currency reserves declined about 35 percent to around $15 billion by the end of last year, according to VinaSecurities Joint-Stock Co., the brokerage unit of the country’s biggest fund manager.

The holdings have dropped from $23 billion at the end of 2008, the securities firm said in a report released today. The “foreign-currency reserves level is a source of concern,” Alan Pham, Ho Chi Minh City-based chief economist for VinaSecurities, said last week……………………………………Full Article: Source

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