# Vietnamese currency VND may have bottomed: UOB

> UOB researchers said the Vietnamese dong selloff appears largely over, with USD/VND retracing lower after reaching forecasts near 23,500. UOB set USD/VND forecasts of 24,000 for Q1 2024 falling to 23,500 by Q4, and cited Vietnam's Q3 GDP growth of 5.33%.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/33025-vietnamese-currency-vnd-may-have-bottomed-uob
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stabilizing dong lowers the local-currency cost of imported feed ingredients over the coming quarters, supporting Vietnamese feed buyers' purchasing power.

## Read by commodity

- USDVND: bearish ▼

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnamese-currency-vnd-may-have-bottomed-uob-d7729.html

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