Vietnam PM Asks 7 Corps to Sell Dollars to Credit Institutions

Prime Minister Nguyen Tan Dung requested Wednesday that seven state-owned corporations sell forex sources in their current accounts to credit institutions.

 

They are the Vietnam National Oil and Gas Group (PetroVietnam), Vietnam National Coal-Mineral Industries Group (Vinacomin), Vietnam Southern Food Corporation (Vinafood 2), Vietnam Northern Food Corporation (Vinafood 1), Vietnam Machinery Installation Group (Lilama), Vietnam National Chemical Corp (Vinachem) and Southern Airport Corporations (SAC).

 

“Those credit institutions which buy forex sources from the corporations must supply sufficient forex sources for state-owned companies to help settle their payments,” PM Dung asked.

 

As of November 30, state-owned corporations’ dollar sources kept at banks totaled US$1.9 billion, the State Bank of Vietnam’s Forex Management Department said.

 

Currently, companies and agencies in Vietnam hold a total of US$10.3 billion at banks, the department added. (chinhphu.vn, VNA)