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The State Bank of Vietnam sold about $1.5 billion via 180-day cancelable forward contracts on August 25-26 at VND26,550 per USD to ease pressure on the dong. MBS attributed the pressure to strong import demand for raw materials and dollar hoarding.
The dong weakened again after the intervention.
Central bank intervention signals that import-driven dollar demand is strong, which keeps Vietnamese buyers' costs for imported feed inputs high. The effect on global feed markets is small.
theinvestor.vnMinh HueSep 15, 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.
