Vietnam central bank bought $4.9 billion in first 4 months to boost reserves: minister

Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Vietnam recorded a $6.35 billion trade surplus and $5.85 billion in foreign direct investment in the January-April period. Analysts from VNDirect securities estimated that Vietnam’s foreign reserves could recover and reach $102 billion by the end of this year. ($1 = 23,450 dong)Vietnam’s central bank bought $4.9 billion from credit institutions in the first four months of this year to shore up its foreign exchange reserves, the investment minister said on Friday. Analysts from VNDirect securities estimated that Vietnam’s foreign reserves could recover and reach $102 billion by the end of this year.