# Exclusive: Vietnam intervened in currency markets weeks after U.S. censure: sources

> Vietnam's central bank, the State Bank of Vietnam, intervened in currency markets in weeks after US censure, according to sources. Under January deals it offered local banks an above-market rate of 23,125 dong per dollar, a premium of about 0.5% over spot.

- Date: 2021-02-11 · published 2021-02-11T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/48928-exclusive-vietnam-intervened-in-currency-markets-weeks-after-u-s-censure-sources
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

State intervention to support or manage the dong affects Vietnam's import costs for feed ingredients priced in dollars and can shift the currency's direction against the dollar. A weaker dong would raise the local cost of imported feed grains and meal.

## Read by commodity

- USDVND: neutral

## Sources

- reuters.com: https://www.reuters.com/article/economy/exclusive-vietnam-intervened-in-currency-markets-weeks-after-us-censure-sour-idUSKBN2AB1I3/

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