# Vietnam Dong falls against greenback, but bank rates remain stable - VnExpress International

> 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.

- Date: 2019-10-02 · published 2019-10-02T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/56865-vietnam-dong-falls-against-greenback-but-bank-rates-remain-stable-vnexpress
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/economy/dong-falls-to-new-low-against-greenback-3990313.html

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