VN Central Bank’s $12 billion worth of US govt bonds not a surprise
Indonesia, Thailand and Malaysia, with forex reserves many times bigger than Vietnam’s, only invest 10 percent of reserves on US government bonds. Meanwhile, the proportion is 30 percent for Vietnam. Singapore invests $109 billion on similar items, while the Philippines has poured $41 billion into the same type of assets. According to IMF, Vietnam’s forex reserves by the end of 2015 had reached $30 billion, while the figure might have increased to $34 billion by the end of the first quarter of 2016.
