Quote from the article: "The dollar/dong exchange rate changed little during the third quarter, supported by the country's balance of payments, which had a surplus of $2.17 billion at the end of the second quarter, the central bank said."
Wow, that's a great news. Leme teach you guys a little bit about economy and finance.
There is an island country Maldives, see here: https://www.cia.gov/library/publications/the-...
They import 1,000 million USD a year, yet only export 200 million USD. So, every year, they have a deficit of 800 million USD.
So how do they manage to go on with such imbalanced in trades? The tourists brought in US dollars to spend, causing Maldives to need to import extra foods and stuffs for those extra mouths.
The dollars the tourists brought in were not counted as export. But if it is, then the export will be 200 mill + tourist dollars will balance out the import.
Now, when Vietnam has a surplus of cash, it means the hardworking oversea workerbees are sending a lot of money home.
If the export calculation includes the exported labor in terms of the money being remitted back to Vietnam, then Vietnam would show a trade surplus of 2 billion last quarter.
I hope this is clear enough for everyone to see.
I saw an article a month ago, Vietnam's FOREX fund grew from 12 billion USD last year to 20 billion USD this year. That's very good. It's about 2 billions per quarter, matching this article report.
Vietnam government is doing a very good job. All they need to do is to execute a few bad and greedy bankers. Really, they had a death penalty against some poor, ignorant, stupid kids trafficking drugs. Why don't they have a death penalty against greedy bankers?