# Việt Nam enters home stretch in fight against dollarisation

> From October 1, Vietnamese lenders will be barred from providing medium- and long-term foreign currency loans to businesses for import payments. Observers call it the central bank's final step in its anti-dollarisation campaign.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/57355-viet-nam-enters-home-stretch-in-fight-against-dollarisation
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Tighter access to dollar credit for importers could slow purchases of imported feed ingredients somewhat. The effect on global commodity prices is small given Vietnam's share of demand.

## Read by commodity

- USDVND: neutral

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/business-beat/536133/viet-nam-enters-home-stretch-in-fight-against-dollarisation.html

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