A problem of the invention is to provide a process of producing polyesters having a stable quality and a process of producing polyesters with a greatly reduced load against the environment. The invention relates to a process of producing polyesters by using a polycondensation reaction apparatus provided with one or more sets of an ejector, a condenser placed in the downstream portion of the ejector and a hot well tank connected to the condenser via a barometric leg and including a step of driving the ejector by a vapor composed mainly of 1,4-butanediol, condensing the vapor composed mainly of 1,4-butanediol as discharged from the ejector in the condenser placed in the downstream portion of the ejector, and making the reactor in a reduced pressure state to undergo polycondensation reaction, characterized in that the concentration of tetrahydrofuran contained in a sealing liquid in at least one hot well tank is not more than 4% by weight.