In the first half of this year, the national economy’s excess supply of foreign currencies reached US$2.2 billion, trebling the excess level of US$700 million from a year earlier, said the State Bank of Vietnam (SBV).
This was attributed to the high export growth rate of 26 percent compared to early this year, resulting in a sharp increase in revenue from foreign currency exchange earnings.
In addition, revenue from service exports continued to rise thanks to remarkable improvements in tourism and banking services. The development of stock market has helped increase foreign indirect investment capital. Therefore, the high excess supply of foreign currencies will promote economic growth and stabilise exchange rates.
Đăng ẩn
Tắt
Add new comment