# VND to depreciate by 3% at most in 2018 :: Content :: Tập đoàn Hoá chất Việt Nam (Vinachem)

> Bao Viet Securities forecasts the Vietnamese dong will depreciate by at most 3 percent against the dollar in 2018, with a possible 2 percent scenario. The dong has fallen 1.3 percent year to date amid regional currency weakness, and the government is expected to intervene to prevent a sharp decline.

- Date: 2018-10-23 · published 2018-10-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/62840-vnd-to-depreciate-by-3-at-most-in-2018-content-tap-oan-hoa-chat-viet-nam
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A contained dong outlook limits the rise in Vietnam's dollar-denominated feed ingredient costs. Pressure from weaker regional currencies such as the yuan still adds some upside risk to import prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-23 | [CNY at a glance: Is the worst of China’s depreciation pressure over? \| ING THINK](https://feedsoft.ai/events/29028-cny-at-a-glance-is-the-worst-of-china-s-depreciation-pressure-over-ing-think.md) | -0.7% | -1.3% |
| USDCNY | 2019-04-29 | [USD/CNY: Sharp appreciation or depreciation unlikely in 2019? - ING - Forex Crunch](https://feedsoft.ai/events/59805-usd-cny-sharp-appreciation-or-depreciation-unlikely-in-2019-ing-forex-crunch.md) | +0.1% | +2.5% |
| USDCNY | 2018-05-22 | [RMB rate expected to follow a two-way fluctuation path in 2018 - Chinadaily.com.cn](https://feedsoft.ai/events/65233-rmb-rate-expected-to-follow-a-two-way-fluctuation-path-in-2018-chinadaily-com-cn.md) | +0.5% | +1.5% |
| USDCNY | 2023-09-11 | [China issues strong warning against bets on renminbi depreciation](https://feedsoft.ai/events/34332-china-issues-strong-warning-against-bets-on-renminbi-depreciation.md) | -0.9% | -0.6% |
| USDCNY | 2020-10-21 | [China lifts yuan midpoint to 27-month high \| Financial Post](https://feedsoft.ai/events/50851-china-lifts-yuan-midpoint-to-27-month-high-financial-post.md) | +0.4% | -1.7% |

## Sources

- vinachem.com.vn: https://www.vinachem.com.vn/articles/market-and-product-vnc/vnd-to-depreciate-by-3-at-most-in-2018_20181023030704.html

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