# Dollar could reverse fall against dong next year: HSBC | Vietstock

> HSBC forecasts the US dollar could rebound against the Vietnamese dong next year, reaching about VND23,000, after falling to VND22,750 in September. The bank cites slower FDI inflows and a possible shift of Vietnam's current account from surplus to deficit as tourism revenues fall.

- Date: 2021-09-18 · published 2021-09-18T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/45349-dollar-could-reverse-fall-against-dong-next-year-hsbc-vietstock
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dollar against the dong raises the local-currency cost of imported feed ingredients for Vietnamese buyers, but the effect is a forecast only and small for global feed prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietstock.vn: https://en.vietstock.vn/2021/09/dollar-could-reverse-fall-against-dong-next-year-hsbc-37-456161.htm

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