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The State Bank of Vietnam withdrew 18 trillion dong from the banking system in the week of September 30 to October 4 through open market operations. It also bought foreign currency, lifting reserves to about $70 billion, and GDP grew 6.98 percent in the first nine months of 2019.
Domestic liquidity operations and reserve purchases affect the dong's stability, which feeds into Vietnam's cost of imported feed ingredients, though the effect on prices is indirect.
infocusvietnam.comOct 9, 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.
