# FiinPro - USD/VND to drift lower towards 22870 as Vietnam and US reaches a deal on FX – DBS Bank

> DBS Bank revised its end-2021 USD/VND forecast to 22,870 after the US Treasury and the State Bank of Vietnam agreed on FX management practices. DBS expects the currency's volatility to stay modest despite greater exchange-rate flexibility.

- Date: 2021-08-04 · published 2021-08-04T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/45856-fiinpro-usd-vnd-to-drift-lower-towards-22870-as-vietnam-and-us-reaches-a-deal
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A more stable and firmer dong lowers the local-currency cost of dollar-priced feed imports into Vietnam, though the effect is modest.

## Read by commodity

- USDVND: bearish ▼

## Sources

- fiinpro.com: http://fiinpro.com/News/Detail/6560059?lang=en-US

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