# Weaker VND expected to affect FDI in 2020 :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> HSBC forecasts the Vietnamese dong will lose about 1.2 percent of its value against the dollar in 2020, reaching VND23,450 per dollar by year-end. Commercial bank dollar quotes rose after the State Bank of Vietnam cut rates and the US Fed cut again.

- Date: 2020-04-06 · published 2020-04-06T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/53917-weaker-vnd-expected-to-affect-fdi-in-2020-content-tap-oan-hoa-chat-viet-nam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong makes Vietnam less attractive for foreign direct investment, which is a macro currency driver with only indirect effects on feed commodity demand.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/weaker-vnd-expected-to-affect-fdi-in-2020.html

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