# Vietnam central bank ups dollar sales to salvage local currency: broker

> Viet Dragon Securities estimates the State Bank of Vietnam has sold about $6.4 billion in foreign currency since April to slow the dong's decline. The central bank also net withdrew VND99.5 trillion from open market operations in June, which has kept interbank rates near 4.5%.

- Date: 2024-07-10 · published 2024-07-10T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29593-vietnam-central-bank-ups-dollar-sales-to-salvage-local-currency-broker
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Tighter VND liquidity and high domestic rates raise financing costs for Vietnamese feed producers and importers. The effect on world feed prices is minor.

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-ups-dollar-sales-to-salvage-local-currency-broker-d11126.html

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