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Experts cite Mirae Asset data showing the USD/VND rate fell 0.2% in April and averaged around 23,500 dong per dollar. The State Bank of Vietnam bought nearly $4.9 billion from credit institutions in the first four months of the year.
Analysts expect foreign exchange reserves to reach $102 billion by year-end.
A stable dong and rising central bank reserves reduce currency risk for Vietnamese importers of feed ingredients, but the effect on global commodity prices is negligible.
en.vietnamplus.vnVietnam+ (VietnamPlusMay 19, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
