HANOI: Vietnam's forex reserves now stand at more than $35 billion, equivalent to more than 12 weeks of imports, deputy prime minister Nguyen Xuan Phuc told the National Assembly in a televised session.
"It's not too much...so we will seek expertise from representatives and international economists to best use this fund to govern the macroeconomy and to intervene in the forex market when necessary," Phuc said.
Vietnam has devalued the dong currency twice this year, by a combined 2 percent, to stabilise the foreign exchange market. Last December, the central bank said dong depreciation would be less than 2 percent for the whole of 2015.
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