State Treasury purchases 150 million USD from commercial banks
The Vietnam State Treasury (VST) has successfully purchased 150 million USD from 30 commercial banks, said Luu Hoang, head of the VST Department of Treasury Management.
Hanoi (VNA) – The Vietnam State Treasury (VST) hassuccessfully purchased 150 million USD from 30 commercial banks, said LuuHoang, head of the VST Department of Treasury Management.
The transactions completed on October 8, while the payment dateis scheduled on October 11, said Hoang.
He said that earlier, the VST announced a public offering to45 commercial banks licensed to trade foreign currency, aiming to buy 150million USD.
The spot foreign currency offering is a new implementation which has just beenapproved by the Prime Minister to purchase foreign currencies frombanks for foreign currency payments of the State budget./.
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Illustrative image (Source: VNA) 
