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The State Bank of Vietnam sold about $9.4 billion in 2024 to stabilize the exchange rate, in two phases from April to July and September to December. Reserves are about $80 billion, and the official dong rate rose 4.8% over the year to 25,430 per dollar.
Central bank dollar sales limit the dong's fall but signal sustained depreciation pressure, keeping dollar-based feed import costs elevated for Vietnamese buyers.
news.laodong.vnMai ÁnhDec 28, 2024Not 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.
