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The State Bank of Vietnam asked ministries to tighten supervision of foreign exchange activities after the unofficial dollar rate rose sharply. The unofficial rate was about VND27,700 for selling, while bank-listed rates had fallen slightly since early October.
Administrative curbs on dollar trading can slow the pass-through of a strong dollar to import costs, but the gap between official and black-market rates still raises the effective cost of dollar-priced feed inputs.
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