# Vietnam central bank may up intervention with 4.5% VND devaluation forecast: broker

> 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.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29591-vietnam-central-bank-may-up-intervention-with-4-5-vnd-devaluation-forecast
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-may-up-intervention-with-45-vnd-devaluation-forecast-broker-d11156.html

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