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VNDirect forecasts Vietnam's foreign reserves will recover from about US$90 billion to roughly US$102 billion by the end of 2023. The State Bank of Vietnam had sold about 20% of reserves in the first ten months of 2022 to defend the exchange rate.
The forecast cites a stable exchange rate, a projected trade surplus of $13.4 billion, and a current account moving into surplus.
Stronger reserves would reduce pressure on the State Bank to defend the dong, which lowers currency-driven import costs for Vietnamese feed buyers. This is a broker forecast with no direct effect on commodity prices.
vietnamnet.vnJan 15, 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.
