Le Minh Hung, Deputy Governor of the State Bank of Vietnam, has confirmed that the liquidity of foreign currency in the domestic banking system is abundant, adding that the central bank is willing to intervene to stabilise the local market.

On February 22, Hung said last year the central bank bought 15 billion USD and continued to be the net buyer up until the Lunar New Year.

The same day, the State Bank said it is coordinating with the Ministry of Public Security to discover the source of the rumour that a leader of the BIDV had been arrested and would take appropriate measures to handle unlawful efforts to manipulate the foreign currency market.

The State Bank affirmed that it will continue a stable exchange rate policy.-VNA