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Vietcombank Securities expects the dong to devalue about 3% against the US dollar in 2024, similar to 2023. The dong lost 0.72% in January, and KB Vietnam Securities forecasts a rise to around VND24,600.
Persistent depreciation pressure on the dong keeps Vietnamese import costs for USD-priced feed ingredients elevated. The effect on global feed prices is minor.
theinvestor.vnMinh AnhFeb 6, 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.
