Vietnam’s Foreign Reserves Reach New High, Near $80 Billion
Posted on 12/30/2019
Vietnam Prime Minister Nguyen Xuan Phuc revealed the State Bank of Vietnam had foreign reserves reaching a new high of almost US$ 80 billion. Moving up the supply chain, Vietnam is a beneficiary of the trade war between China and the United States, as Vietnam witnessed healthy export figures.
Vietnam has a young labor force and a somewhat politically-stable Communist-led country. Vietnam is also in a real estate boom, which is fueled by foreign investors. Singpore’s Temasek Holdings and GIC Private Limited have made a number of real estate investments, according to SWFI data.
