# USD/VND exchange rate keeps stable despite SBV’s different policies

> Analysts at Maybank Securities said the USD/VND rate has stayed broadly stable in 2023 despite the State Bank of Vietnam cutting rates four times while the US Federal Reserve tightened. They credited a trade surplus of about 15 billion USD in the first seven months and a brighter economic outlook.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34873-usd-vnd-exchange-rate-keeps-stable-despite-sbv-s-different-policies
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stable dong exchange rates keep Vietnamese feed import costs predictable, so there is little pressure on feed ingredient buying from currency moves.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/usdvnd-exchange-rate-keeps-stable-despite-sbvs-different-policies-post266229.vnp

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