# Vietnamese currency forecast to continue weakening in 2020

> Fitch Solutions forecasts the Vietnamese dong will average VND23,475 per US dollar in 2020 and VND23,650 in 2021, from about VND23,309 currently. Weaker FDI inflows during the Covid-19 pandemic and a likely central bank preference for a weaker dong to support exports are cited as drivers.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/53426-vietnamese-currency-forecast-to-continue-weakening-in-2020
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong makes Vietnamese feed and livestock imports costlier in local terms, while supporting Vietnam's export competitiveness; the effect on grain and meal prices is marginal.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/716210/vietnamese-currency-forecast-to-continue-weakening-in-2020.html

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