# Vietnamese dong rises on intervention, yet remains Asean's worst performer - The Business Times

> 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.

- Date: 2025-08-25 · published 2025-08-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/23622-vietnamese-dong-rises-on-intervention-yet-remains-asean-s-worst-performer-the
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/vietnamese-dong-rises-intervention-yet-remains-aseans-worst-performer

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