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The State Bank of Vietnam began selling US dollars to credit institutions through cancellable forward contracts on August 25 to stabilise the FX market, and the dong rose. The dong has still depreciated more than 3.2% against the dollar this year and remains ASEAN's worst performer.
Analysts expect the gains to be limited.
Central bank intervention may slow dong depreciation but is unlikely to reverse the trend, so Vietnamese import costs for feed and fuel should stay elevated. The impact on global grain prices is minimal.
businesstimes.com.sgJamille TranAug 25, 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.
