# 1% USD appreciation can cause $12M loss annually, says Vietnam Airlines chairman - VnExpress International

> Vietnam Airlines chairman Dang Ngoc Hoa said a 1% rise in the dollar-dong rate would cost the carrier about VND300 billion a year. Petrovietnam's chairman urged the central bank to keep the rate steady, while garment exporter Vinatex argued the dong should weaken to support exports.

- Date: 2024-03-15 · published 2024-03-15T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31516-1-usd-appreciation-can-cause-12m-loss-annually-says-vietnam-airlines-chairman
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The debate highlights currency pressure on Vietnamese importers and exporters, but the direct effect on global feed commodity prices is minimal.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/economy/1-usd-appreciation-can-cause-12m-loss-annually-says-vietnam-airlines-chairman-4722617.html

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