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The State Bank of Vietnam sold about $9.4 billion in 2024 to defend the exchange rate, leaving reserves near $80 billion, equal to 2.5 months of imports versus 3.3 months at end-2023. The broker says the dong's 2024 moves stayed within the central bank's permissible range.
Lower reserve cover reduces the central bank's capacity to defend the dong, which could keep pressure on dollar-priced feed imports into 2025.
theinvestor.vnMinh HueDec 29, 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.
