# USD/VND: Vietnam May Raise Rate as Dong Falls to Record Low, Maybank Says - Bloomberg

> Maybank analysts forecast the State Bank of Vietnam will hike policy rates by 50 basis points as early as May or June to stabilize the sliding dong, which is at a record low. The note was issued on a Thursday in late May.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30577-usd-vnd-vietnam-may-raise-rate-as-dong-falls-to-record-low-maybank-says
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A rate hike to defend the currency would raise Vietnamese borrowing costs and could slow feed and livestock sector investment.

## Read by commodity

- USDVND: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-05-23/usd-vnd-vietnam-may-raise-rate-as-dong-falls-to-record-low-maybank-says

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