# Vietnam dong may weaken 3% in 2024: broker

> 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.

- Date: 2024-02-06 · published 2024-02-06T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/32000-vietnam-dong-may-weaken-3-in-2024-broker
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Persistent depreciation pressure on the dong keeps Vietnamese import costs for USD-priced feed ingredients elevated. The effect on global feed prices is minor.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-may-weaken-3-in-2024-broker-d8525.html

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