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State Treasury purchases $150 million from commercial banks

VietnamPlus Monday | 10/11/2021 09:46

The Vietnam State Treasury has successfully purchased $150 million from 30 commercial banks, said Luu Hoang, head of the VST Department of Treasury Management.

The transactions completed on October 8, while the payment date is scheduled on October 11, said Hoang.

He said that earlier, the VST announced a public offering to 45 commercial banks licensed to trade foreign currency, aiming to buy $150 million.

The spot foreign currency offering is a new implementation which has just been approved by the Prime Minister to purchase foreign currencies from banks for foreign currency payments of the State budget.

Source: VietnamPlus

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