Vietnam central bank to increase forex sales frequency to ensure supply to market

HANOI, June 26 (Reuters): The State Bank of Vietnam (SBV) has announced this week that it will increase the frequency of foreign exchange sales to be ready to supply foreign currencies to the market more often amid bearish global market conditions.

The dollar/Vietnamese dong exchange rate has risen 2% from the beginning of this year, in contrast to the downward trend witnessed last year, the SBV said in a statement.