# USD/VND: SBV to pare its FX reserve accumulation allowing the dong to appreciate – ANZ — Octa

> ANZ Bank expects the Vietnamese dong to keep appreciating as the State Bank of Vietnam slows its foreign-exchange reserve accumulation under a July agreement with the US Treasury. The dong has gained 1.5% against the dollar year-to-date, and ANZ forecasts USD/VND at 22,700 by year-end.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/45350-usd-vnd-sbv-to-pare-its-fx-reserve-accumulation-allowing-the-dong-to-appreciate
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dong lowers the local cost of imported feed inputs for Vietnamese buyers, though the impact on global feed prices is minimal.

## Read by commodity

- USDVND: bearish ▼

## Sources

- ms.octabroker.com: https://ms.octabroker.com/markets/news/view/927335/

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