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The State Bank of Vietnam issued treasury bills to absorb dong liquidity and cool the USD/VND rate, after a four-month pause. About VND15 trillion was collected at a 1.4% rate on March 11, and the free-market dollar had reached VND25,700.
Draining liquidity supports the dong and eases import cost pressure for Vietnamese feed buyers, with negligible effect on global feed prices.
vietnamnet.vnVietNamNet NewsMar 13, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
