# Vietnam increases central rate, dollar hits record high

> The dollar hit an all-time high against the dong after Vietnam raised its central rate to VND23,301. Commercial bank sell rates exceeded VND23,800 and the free market rate went above VND24,000 per dollar.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/39885-vietnam-increases-central-rate-dollar-hits-record-high
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dong depreciation makes dollar-priced feed imports more expensive for Vietnamese livestock and aquaculture producers, while the central bank's defense of the currency signals continued pressure.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-increases-central-rate-dollar-hits-record-high-d1852.html

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