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FULCRUM analysis says Vietnam faces pressure to defend the dong, which had depreciated 2.9% year to date by end-October. The spread between official and black-market USD/VND reached about 1,500 dong, the widest in 12 years, and the State Bank sold roughly US$4.4 billion in forward FX since August.
Persistent dong weakness and a shortage of dollars raise the cost of imported feed ingredients in Vietnam and create policy tension that could shift domestic rates.
fulcrum.sgNov 12, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
