State Treasury purchases US$150 million from commercial banks

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

State Treasury purchases US$150 million from commercial banks

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 US$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.