# Vietnam Sees Rising Remittances Aiding Currency in Growth Push – My blog

> A senior State Bank of Vietnam official said remittances are forecast to reach about $6.5 billion this year in Ho Chi Minh City, helping keep the dong stable. The dong traded near 23,058 per dollar, little changed from the previous day.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/47391-vietnam-sees-rising-remittances-aiding-currency-in-growth-push-my-blog
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Stronger foreign currency inflows support the dong and give the central bank room to back growth. This has no meaningful direct effect on feed commodity prices.

## Read by commodity

- USDVND: neutral

## Sources

- newsdayprime.com: https://newsdayprime.com/business/vietnam-sees-rising-remittances-aiding-currency-in-growth-push/

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