Forex reserves soar to all time high of $57 billion

Forex reserves soar to all time high of $57 billion

Vietnam’s FX reserves have bolstered up to a massive $57 billion, while the Year of the Dog promises to bring even more foreign currency.

Foreign currency reserves at record high

Vietnam has seen record increases in foreign currency reserves in the first half of 2007, due to rising indirect investment in the stock market and a stabilised domestic exchange rate.