# Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times

> Vietnam's central bank set its dong reference rate at 24,283 per dollar, the weakest since at least 2005. The dong was trading near record lows and is on track for its worst annual performance since 2015, as the dollar surge pressures emerging-market currencies.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27699-vietnam-sets-dong-fix-rate-at-record-low-amid-us-dollar-strength-the-business
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A record-weak dong and a broadly strong dollar raise the cost of dollar-priced feed imports for Vietnam and may weigh on regional demand for US and Brazilian feed ingredients.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| DXY | 2025-01-01 | [Vietnam Dong Declines to Record Low Against US Dollar](https://feedsoft.ai/events/27262-vietnam-dong-declines-to-record-low-against-us-dollar.md) | -0.2% | -0.9% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/vietnam-sets-dong-fix-rate-record-low-amid-us-dollar-strength

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