# Vietnamese currency under bigger pressure in 2020

> Finance expert Nguyen Tri Hieu expects the Vietnamese dong to face greater pressure against the US dollar in 2020. He points to weaker FDI and remittance inflows, a projected trade deficit of about 3% of export turnover, and imports that may outpace exports. The dong was relatively stable in 2019.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/55386-vietnamese-currency-under-bigger-pressure-in-2020
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Expected dollar demand from a widening trade deficit points to a weaker dong, which raises the local cost of dollar-priced feed imports into Vietnam.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/vietnamese-currency-under-bigger-pressure-in-2020-post167619.vnp

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