# Vietnam dong increases unexpectedly against US dollar

> The Vietnamese dong has appreciated about 2% against the US dollar over the past eleven months, unusual for a currency that has normally depreciated since 2001. The dollar index held near 96 in early December while the dong's trend stayed firm.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/43900-vietnam-dong-increases-unexpectedly-against-us-dollar
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dong against the dollar lowers the local cost of imported feed inputs such as soybean meal and corn for Vietnamese buyers, though the trend's durability remains uncertain.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/vietnam-dong-increases-unexpectedly-against-us-dollar-801690.html

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