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The State Bank of Vietnam sold dollars through 180-day cancellable forward contracts on August 25 and 26 at VND26,550 per dollar, targeted at banks with negative FX positions. The move cooled the exchange rate, which had hit a record.
Forward sales were also used in 2024, and the central rate is up 3.9% this year.
The intervention caps near-term dong weakness, which could ease import costs for Vietnamese feed buyers in the short term. Its effect on world feed commodity prices is limited.
vietnamnews.vnAug 26, 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.
