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Analysts at KB Securities Vietnam expect the Vietnamese dong to depreciate about 4.5% this year, with USD/VND trading near 25,450, down 4.9% year to date. The State Bank of Vietnam has sold roughly $6 billion in foreign currency to commercial banks, and it may step up intervention toward year-end.
A weaker dong raises import costs for Vietnam's feed and input buyers and can shift demand for imported feed ingredients. The impact on global grain and oilseed prices is limited.
theinvestor.vnQuang MinhJul 11, 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.
