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The State Bank of Vietnam intervened to ease the domestic exchange rate by the end of 2022, leaving USD/VND about 3.5% higher than at the start of the year. The dong had depreciated nearly 9% against the dollar as the Fed tightened policy and the dollar reached a 20-year high.
The central bank raised its USD selling price six times between September and November 2022.
Currency pressure on Vietnam's dong affects the cost of imported feed ingredients for Vietnamese buyers. The article is a retrospective on monetary policy and does not signal a new move in feed or grain prices.
en.vietnamplus.vnVietnam+ (VietnamPlusJan 21, 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.
