# Vietnam central bank likely to withdraw more cash: analyst

> The State Bank of Vietnam has been issuing treasury bills to drain excess liquidity, withdrawing a combined VND94 trillion over seven days. An SSI Securities analyst expects continued bill auctions, which is a tool to support the dong.

- Date: 2023-09-30 · published 2023-09-30T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34417-vietnam-central-bank-likely-to-withdraw-more-cash-analyst
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Tighter dong liquidity supports the currency and slightly eases pressure on import costs for feed ingredients, though the effect on feed prices is modest.

## Read by commodity

- USDVND: bearish ▼

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-central-bank-likely-to-withdraw-more-cash-analyst-d6819.html

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