# Vietnam dong one of most stable currencies in Asia: Experts

> 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.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36255-vietnam-dong-one-of-most-stable-currencies-in-asia-experts
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnam-dong-one-of-most-stable-currencies-in-asia-experts-post253351.vnp

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