# Vietnam should allow further exchange rate flexibility: WB

> The World Bank urged Vietnam to allow more exchange rate flexibility, including a faster pace of depreciation of the reference rate, as the Federal Reserve is expected to keep raising rates. It also suggested using direct foreign currency sales carefully to protect reserves. The dong had depreciated 9.1% against the dollar in the year to November 3.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38978-vietnam-should-allow-further-exchange-rate-flexibility-wb
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local cost of dollar-priced feed and fuel imports for Vietnamese buyers. Continued dollar strength keeps import costs elevated.

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-should-allow-further-exchange-rate-flexibility-wb-d2576.html

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