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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Vietnam forex reserves likely to rise

Posted on 10 June 2010

From Dow Jones: Vietnam’s foreign currency reserves are expected to rise to the equivalent of 12 weeks of imports by the end of this year, state media said Wednesday, citing an official with the country’s central bank.
The country’s foreign currency reserves are now equivalent to nine weeks of imports, Nguyen Van Binh, deputy governor of the State Bank of Vietnam, was quoted as saying by the online news provider VnExpress…………………………………………Full Article: Source


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