# Dollar surges on black market - VnExpress International

> The dollar rose against the dong on Vietnam's black market on October 1, with unofficial exchange points selling it at VND24,550, up 0.41% from the previous day. The official Vietcombank rate was unchanged at VND24,460 while the State Bank's reference rate fell 0.12% to VND24,059.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/33933-dollar-surges-on-black-market-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The gap between the black-market and official rates signals demand for dollars and pressure on the dong, which raises import costs for feed ingredients priced in dollars. Buyers in Vietnam may face higher landed costs if the gap persists.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/markets/dollar-surges-on-black-market-4659797.html

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