Vietnam’s current account balance still in surplus

13-Jun-2014 Intellasia | Tien Phong | 6:00 AM Print This Post

The State Bank of Vietnam (SBV)’s governor Nguyen Van Binh has said that after the dispute caused by China’s oil drilling rig illegally entering the Vietnam’s water, the psychology of people somewhat affected the gold and forex market.

Apart from the psychological factor, the surge of the forex rate was mainly due to the expectation of the society on the central bank’s adjustment.

After the first six months of the year, the country’s current account balance is still in surplus. The balance surplus of payments is at a high level of more than $10 billion.

In the first six months of the year, the central bank has bough $10 billion to increase the country’s foreign currency reserves and the whole year 2014′s foreign currency demand and supply would be still ensured.


Category: Finance

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