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From October 1, 2019, Vietnamese credit organisations and foreign banks stopped offering medium and long-term foreign currency loans for paying offshore for imported goods and services. Experts said the restriction reduces the effective supply and demand of foreign currency and curbs dollarisation in the economy.
Tighter dollar credit for importers could slow purchases of dollar-priced feed inputs and modestly ease pressure on the dong, which is a mild bearish signal for imported feed commodity demand in Vietnam.
en.vietnamplus.vnVietnam+ (VietnamPlusOct 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.
