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Fitch Solutions Macro Research expects the Vietnamese dong to stay broadly stable, weakening only slightly to VND23,700 per dollar by end-2019. It forecasts an average of VND23,440 in 2019, a 1.8 percent depreciation from 2018.
The outlook cites robust FDI, a current account surplus and central bank intervention.
A stable dong limits import cost pressure on feed ingredients priced in dollars. The forecast implies only modest currency-driven cost changes for Vietnamese feed buyers over the year.
en.vietnamplus.vnVietnam+ (VietnamPlusApr 25, 2019
vir.com.vnVietnam Investment ReviewApr 26, 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.
