# Vietnam dong likely to strengthen later in 2024: economist

> Economist Can Van Luc of BIDV expects the Vietnamese dong to strengthen later in 2024, reducing its depreciation to 3.5-4% from about 5%. He cites a global dollar decline over recent weeks and a rise in VND overnight rates that narrows the gap with USD loan rates.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30100-vietnam-dong-likely-to-strengthen-later-in-2024-economist
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A forecast of dong recovery would ease import cost pressure for Vietnamese feed buyers, though it is a forecast rather than a confirmed move.

## Read by commodity

- USDVND: bearish ▼

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-likely-to-strengthen-later-in-2024-economist-d10532.html

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