# SBV ready to intervene to stabilise foreign exchange rate: Deputy Governor

> The State Bank of Vietnam's Permanent Deputy Governor said the bank will manage the exchange rate flexibly and is ready to intervene. He attributed the pressure to the Fed's delay in cutting rates and a widening gap between dollar and dong interbank rates.

- Date: 2024-04-04 · published 2024-04-04T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31064-sbv-ready-to-intervene-to-stabilise-foreign-exchange-rate-deputy-governor
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Signals of central bank intervention can cap short-term dong depreciation, but the underlying dollar-strength pressure persists. Feed importers should expect volatile local-currency import costs.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/sbv-ready-to-intervene-to-stabilise-foreign-exchange-rate-deputy-governor-post285639.vnp

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