SBV Deputy Governor Dao Minh Tu answers reporters' querries at the regular Government press conference for March in Hanoi on April 4, 2024. (Photo: Minh Duc/VNA)

Tu said the management will be carried out in accordance with a flexible operation mechanism to ensure stability and sufficient financial resources and to balance the legitimate needs of the national economy.

“The exchange rate is guaranteed stable and still ensures an open foreign currency market, general foreign currency balances, and a positive foreign currency status for commercial banks and the national economy, as well as meeting the legal foreign currency needs of import and export businesses,”  he said.