# Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities

> Vietcombank Securities expects the Vietnamese dong to narrow its year-to-date slide against the dollar by year-end, assuming the US Federal Reserve starts cutting rates. The dong has fallen about 4.95% so far this year.

- Date: 2024-05-08 · published 2024-05-08T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30580-vietnam-dong-likely-to-narrow-slide-by-end-2024-vietcombank-securities
- 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 forecast of dong stabilization would ease import cost pressure on Vietnamese feed buyers, though the outlook depends on US rate policy and the dollar index.

## Read by commodity

- DXY: neutral
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| DXY | 2024-06-01 | [VND USD: Vietnam Signals Readiness to Support Dong as Currency Hits Lows](https://feedsoft.ai/events/30574-vnd-usd-vietnam-signals-readiness-to-support-dong-as-currency-hits-lows.md) | +1.2% | +1.9% |
| DXY | 2023-07-31 | [Vietnamese dong remains stable despite Fed’s 11th rate hike: experts](https://feedsoft.ai/events/35339-vietnamese-dong-remains-stable-despite-fed-s-11th-rate-hike-experts.md) | +0.9% | +2.3% |
| DXY | 2026-02-14 | [Broker MBS flags three factors pressuring Vietnam’s exchange rate](https://feedsoft.ai/events/20919-broker-mbs-flags-three-factors-pressuring-vietnam-s-exchange-rate.md) | +0.4% | +2.2% |
| DXY | 2025-04-28 | [Dollar slides against dong - VnExpress International](https://feedsoft.ai/events/25422-dollar-slides-against-dong-vnexpress-international.md) | -0.3% | -1.2% |

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-likely-to-narrow-slide-by-end-2024-vietcombank-securities-d9959.html

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