# Further interest rate cuts may disrupt Vietnam’s foreign exchange: IMF

> The IMF warned in its September 2023 Article IV review that further State Bank of Vietnam rate cuts could destabilise the dong and raise depreciation risk. It noted that the first-half trade surplus is likely to unwind as the economy strengthens.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34421-further-interest-rate-cuts-may-disrupt-vietnam-s-foreign-exchange-imf
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A risk of dong depreciation would raise the local cost of dollar-priced feed imports, supporting higher Vietnamese feed prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/further-interest-rate-cuts-may-disrupt-vietnams-foreign-exchange-imf-d6797.html

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