Vietnam’s Central Bank Injects Liquidity Through Foreign Currency Purchases; Stock Market History Draws Attention
The State Bank of Vietnam is buying US dollars on the spot market and conducting 182-day USD/VND swaps. VnDirect data show that the VN-Index rose one month after 11 of 13 foreign currency purchases between 2016 and 2023, but past performance cannot determine how the market will move this time.
