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The dong fell 1.4 percent against the dollar this year to its lowest level in years. The State Bank of Vietnam raised its reference rate to 23,165 dong, while local bank rates stayed steady, and foreign exchange reserves reached a record $71 billion.
A weaker dong raises the local-currency cost of dollar-priced feed imports, but the central bank's reserve buildup and steady bank rates limit the near-term effect.
e.vnexpress.netLe ChiOct 2, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
