# Vietnam: External headwinds likely to weigh on growth - Standard Chartered - Forex Crunch

> Standard Chartered expects Vietnam's growth to fall to 1.7% in 2020 amid deep recessions in the US, euro area and other G10 economies. The bank also expects 150bps of rate cuts so far this year plus 50bps more in Q3, taking the policy rate to 4%.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/53427-vietnam-external-headwinds-likely-to-weigh-on-growth-standard-chartered-forex
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker external demand for Vietnamese goods lowers the outlook for feed demand from its livestock and processing sectors, a modestly bearish signal for feed ingredient imports.

## Read by commodity

- SBM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -4.9% | -6.0% |
| SBM | 2023-07-17 | [Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations](https://feedsoft.ai/events/35264-instant-view-china-s-q2-gdp-growth-slows-to-0-8-q-q-raises-stimulus-expectations.md) | +3.6% | +2.7% |
| SBM | 2020-04-24 | [USD/BRL surges to fresh record highs above 5.70 after Justice Minister Moro resigns - Forex Crunch](https://feedsoft.ai/events/8725-usd-brl-surges-to-fresh-record-highs-above-5-70-after-justice-minister-moro.md) | +0.3% | -2.1% |
| SBM | 2020-01-13 | [World’s Worst Currency Headed Even Lower, Top Forecaster Says - Bloomberg](https://feedsoft.ai/events/55350-world-s-worst-currency-headed-even-lower-top-forecaster-says-bloomberg.md) | +0.6% | -2.4% |
| SBM | 2025-09-10 | [Agri-feed prices to stay low with US sat on growing pile of soymeal, says Rabobank - Undercurrent News](https://feedsoft.ai/events/22977-agri-feed-prices-to-stay-low-with-us-sat-on-growing-pile-of-soymeal-says.md) | -1.6% | -6.5% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/05/19/vietnam-external-headwinds-likely-to-weigh-on-growth-standard-chartered/

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