Vietnam's foreign reserve hits record high of 42 bln USD

HANOI, July 4 (Xinhua) -- Vietnam's foreign reserve hit an all-time record high of 42 billion U.S dollars as of June 30, according to the country's central bank.

The central bank's governor Le Minh Hung said at a cabinet meeting on Monday that the reserve rose by 1 billion U.S. dollars from late 2016, local online newspaper VnEconomy reported Tuesday.

Vietnam's foreign reserve rose to 34.6 billion U.S. dollars in 2014 from 13-17 billion U.S. dollars in the 2009-2011 period, according to the Asian Development Bank.

In the first half of this year, Vietnam's import revenue surged 24.1 billion U.S. dollars year-on-year to 100.5 billion U.S dollars, said the country's General Statistics Office.