# Vietnam: The Winner from US-China Trade Turmoil - Prasenjit K. Basu

> Smartkarma research by Prasenjit Basu says the Vietnamese dong has depreciated only 2.8 percent year to date, outperforming Asian peers such as the yuan, rupee and rupiah. Vietnam's exports grew 15.4 percent in January to September 2018, widening the trade surplus to $5.39 billion, with a forecast of $8 billion for the full year.

- Date: 2018-10-07 · published 2018-10-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/62844-vietnam-the-winner-from-us-china-trade-turmoil-prasenjit-k-basu
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A strong dong and trade surplus support Vietnam's import capacity for feed grains and meals. The analysis is a currency and trade view with little direct effect on commodity prices.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-01-31 | [CNY: Guided by the US-China trade talks - Westpac - Forex Crunch](https://feedsoft.ai/events/61312-cny-guided-by-the-us-china-trade-talks-westpac-forex-crunch.md) | +0.5% | -0.1% |
| USDCNY | 2018-12-24 | [China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said \| South China Morning Post](https://feedsoft.ai/events/61790-china-to-keep-yuan-currency-from-sliding-below-7-to-the-us-dollar-as-part-of.md) | -0.7% | -2.3% |
| USDCNY | 2018-08-09 | [Vietnamese Dong Feels the Ripples of China's Yuan Rout - Bloomberg](https://feedsoft.ai/events/63814-vietnamese-dong-feels-the-ripples-of-china-s-yuan-rout-bloomberg.md) | +1.4% | -0.0% |
| USDCNY | 2018-04-17 | [China currency moves hang in the balance in U.S. trade spat \| Reuters](https://feedsoft.ai/events/65710-china-currency-moves-hang-in-the-balance-in-u-s-trade-spat-reuters.md) | +0.6% | +1.0% |
| USDCNY | 2018-04-12 | [Analysis  \| Why devaluing the yuan is a no-no for China amid US trade war fears \| South China Morning Post](https://feedsoft.ai/events/65713-analysis-why-devaluing-the-yuan-is-a-no-no-for-china-amid-us-trade-war-fears.md) | +0.1% | +1.5% |

## Sources

- smartkarma.com: https://www.smartkarma.com/insights/vietnam-the-winner-from-us-china-trade-turmoil

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