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The State Bank of Vietnam's central exchange rate rose to a record 23,161 VND per USD on September 30, while commercial bank rates barely moved. An analyst attributed the flat retail rate to the central bank buying more foreign currency to boost reserves.
A record central rate with a stable retail rate signals heavy official USD buying and a managed dong, which supports feed importers' cost outlook more than a sharp devaluation would. Price pressure on imported feed inputs stays limited while the dong holds.
news.laodong.vnHương NguyễnSep 30, 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.
