# Vietnam central bank sells $5.5 bln to protect local currency

> The State Bank of Vietnam has sold about $5.5 billion of foreign currency since late April to limit dong depreciation. The dong has lost about 4.3% against the dollar this year, and dong devaluation regained momentum in late June on rising forex demand and dollar strength.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30095-vietnam-central-bank-sells-5-5-bln-to-protect-local-currency
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank dollar sales show the currency pressure is significant, supporting higher import costs for feed ingredients priced in dollars.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-sells-55-bln-to-protect-local-currency-d10908.html

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