# Vietnam pledges not to devalue currency in agreement with U.S. Treasury | Reuters

> Vietnam pledged not to deliberately weaken the dong to gain an export advantage, according to an agreement with the U.S. Treasury. The arrangement includes commitments to more transparent monetary and exchange rate policies.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/46366-vietnam-pledges-not-to-devalue-currency-in-agreement-with-u-s-treasury-reuters
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stable currency expectations for Vietnam reduce the chance of sudden shifts in import costs for feed ingredients. The direct effect on feed commodity prices is limited.

## Read by commodity

- USDVND: neutral

## Sources

- reuters.com: https://www.reuters.com/business/finance/us-vietnam-reach-agreement-currency-treasury-2021-07-19/

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