# The VND appreciates despite unfavorable conditions :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> The dong strengthened against the dollar to about 23,300 from 23,500, despite trade deficits and weak export sectors such as mobile phones and textiles. Analysts attribute the move to a supply of dollars exceeding demand.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/52927-the-vnd-appreciates-despite-unfavorable-conditions-content-tap-oan-hoa-chat
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dong lowers the local cost of dollar-priced feed imports for Vietnamese buyers, but the move is a currency market development without a direct grain supply signal.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/news-vnc/the-vnd-appreciates-despite-unfavorable-conditions.html

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