# Vietnam Central Bank Ready to Intervene as Dong (VND USD) Falls to Record Low - Bloomberg

> The State Bank of Vietnam sold US dollars to some banks to intervene in the currency market after the dong fell to a record low of 25,463 per dollar. The central bank said the intervention was possible and then confirmed it had acted.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31060-vietnam-central-bank-ready-to-intervene-as-dong-vnd-usd-falls-to-record-low
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local cost of imported feed ingredients and freight priced in dollars, which can pressure Vietnamese feed makers' margins. The intervention may limit near-term moves but does not change the broader dollar-strength trend.

## Read by commodity

- USDVND: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-19/vietnam-ready-to-intervene-in-currency-market-central-bank-says

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