# VND USD: Vietnam Signals Readiness to Support Dong as Currency Hits Lows

> The State Bank of Vietnam signaled readiness to defend the dong after it slipped to a record low amid dollar strength. Governor Nguyen Thi Hong told parliament the central bank will keep monitoring the exchange rate amid global currency fluctuations.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30574-vnd-usd-vietnam-signals-readiness-to-support-dong-as-currency-hits-lows
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dong raises the cost of imported feed inputs for Vietnamese buyers and can pressure local feed mill margins, while a central bank defense could limit further depreciation.

## Read by commodity

- DXY: neutral
- USDVND: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-30 | [Could the euro topple the U.S. dollar as the world's reserve currency?](https://feedsoft.ai/events/24904-could-the-euro-topple-the-u-s-dollar-as-the-world-s-reserve-currency.md) | -0.5% | -1.6% |
| DXY | 2018-09-14 | [GBP/USD: Will A Deluge Of US Data Pull Dollar Lower vs. Pound? - Currency Live](https://feedsoft.ai/events/63287-gbp-usd-will-a-deluge-of-us-data-pull-dollar-lower-vs-pound-currency-live.md) | -0.4% | +0.4% |
| DXY | 2024-05-08 | [Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities](https://feedsoft.ai/events/30580-vietnam-dong-likely-to-narrow-slide-by-end-2024-vietcombank-securities.md) | -0.1% | +0.4% |
| DXY | 2020-09-11 | [Euro Retreats after ECB Blows Hot and Cold On Currency Strength and 'No Deal' Brexit Risk Builds](https://feedsoft.ai/events/51337-euro-retreats-after-ecb-blows-hot-and-cold-on-currency-strength-and-no-deal.md) | -0.4% | +0.2% |
| DXY | 2024-11-12 | [Vietnam dong unlikely to depreciate strongly vs. US dollar in near term: broker](https://feedsoft.ai/events/27697-vietnam-dong-unlikely-to-depreciate-strongly-vs-us-dollar-in-near-term-broker.md) | +0.8% | +1.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-05-30/vietnam-signals-readiness-to-support-dong-as-currency-hits-lows

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