# Vietnam dong may depreciate 3% this year: Vietcombank Securities

> Vietcombank Securities forecasts the Vietnamese dong may weaken about 3% against the dollar this year if the dollar index does not rise further. The brokerage cites expected continued tightening by the Fed and ECB and notes that the dong fell 1% in October, a 4.4% year-to-date loss.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/33465-vietnam-dong-may-depreciate-3-this-year-vietcombank-securities
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A forecast of a weaker dong suggests higher import costs in Vietnam for feed ingredients priced in dollars, though the effect is modest and the outlook is an analyst estimate.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-may-depreciate-3-this-year-vietcombank-securities-d7337.html

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