# Vietnam prepares to prop up currency, ready to sell greenback :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Vietnam's central bank said it is ready to sell dollars to support the dong if needed. The dong has weakened about 0.9% this year because of concerns over US-China trade negotiations. The central bank also said it expects the dong to keep depreciating slightly to absorb sudden global market changes.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59393-vietnam-prepares-to-prop-up-currency-ready-to-sell-greenback-content-tap-oan
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank intervention could limit further dong weakness and so cap import cost increases for Vietnamese feed buyers. The effect on international feed commodity prices is small.

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/news-vnc/vietnam-prepares-to-prop-up-currency-ready-to-sell-greenback.html

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