# VND to average slightly weaker in 2020  ​

> Fitch Solutions forecasts the Vietnamese dong will average about 1% weaker, at VND23,475/USD, in 2020, against VND23,230/USD in 2019. The forecast cites expected slower foreign direct investment inflows and higher imports. Fitch also sees a gradual long-term depreciation driven by the dong's overvaluation and higher inflation than the US.

- Date: 2020-01-19 · published 2020-01-19T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/55385-vnd-to-average-slightly-weaker-in-2020
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local-currency cost of imported feed inputs for Vietnamese buyers, while a stronger dollar supports USD-priced feed ingredients in local terms.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/vnd-to-average-slightly-weaker-in-2020-610411.html

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