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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Vietnam forex reserves drops

Posted on 19 March 2010

From Commodityonline.com: Vietnam’s foreign-currency reserves declined about 35 percent to around $15 billion by the end of last year. The holdings have dropped from $23 billion at the end of 2008.
Vietnam’s sources of foreign currency fell last year after the country posted a deficit of $12.25 billion and direct investment pledges from abroad declined more than 64 percent to $21.5 billion………………………………..Full Article: Source

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