# The Dong Against The Adversity - InFocus Vietnam

> Reports say the USD/VND rate in the interbank market repeatedly fell below the State Bank's 23,200 buying price, reaching 23,192 dong. The article links the move to rising VND interest rates in August and central bank purchases that were moderate.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/57356-the-dong-against-the-adversity-infocus-vietnam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dong pressure and tighter VND rates raise the cost of imported feed grains and meal priced in dollars. The effect is modest for global prices but relevant for Vietnamese feed buyers.

## Read by commodity

- USDVND: bearish ▼

## Sources

- infocusvietnam.com: https://www.infocusvietnam.com/banking/the-dong-against-the-adversity

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