# Exchange Rate Stability in Vietnam: Navigating the Conflicting Policy Demands | FULCRUM

> 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.

- Date: 2025-11-12 · published 2025-11-12T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/22249-exchange-rate-stability-in-vietnam-navigating-the-conflicting-policy-demands
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- fulcrum.sg: https://fulcrum.sg/exchange-rate-stability-in-vietnam-navigating-the-conflicting-policy-demands/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.