# Vietnam central bank sells US$2.5 billion to curb dong devaluation: HSC

> The State Bank of Vietnam has sold US$2.5 billion in foreign currency to commercial banks since mid-July to limit dong depreciation. The interbank USD/VND rate ended the week at 23,305, and a brokerage warned of further intervention if the dollar keeps strengthening.

- Date: 2018-08-08 · published 2018-08-08T12:00:00.000Z
- Category: macro · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/63815-vietnam-central-bank-sells-us-2-5-billion-to-curb-dong-devaluation-hsc
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank dollar sales show sustained pressure on the dong, which raises the local cost of imported feed ingredients and can squeeze Vietnamese feed margins.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-26 | [Vietnam dong seen weakening 1.5% vs. US dollar in 2024: broker](https://feedsoft.ai/events/31996-vietnam-dong-seen-weakening-1-5-vs-us-dollar-in-2024-broker.md) | -0.0% | +0.1% |
| DXY | 2026-09-17 | [Vietnam central bank's exchange rate reaches another peak - VnExpress International](https://feedsoft.ai/events/17760-vietnam-central-bank-s-exchange-rate-reaches-another-peak-vnexpress.md) | +1.0% | +2.2% |
| DXY | 2025-01-01 | [Vietnam Dong Declines to Record Low Against US Dollar](https://feedsoft.ai/events/27262-vietnam-dong-declines-to-record-low-against-us-dollar.md) | -0.2% | -0.9% |
| DXY | 2025-02-11 | [VND/USD: Vietnam Dong Falls to Record Low Against US Dollar - Bloomberg](https://feedsoft.ai/events/26383-vnd-usd-vietnam-dong-falls-to-record-low-against-us-dollar-bloomberg.md) | -1.0% | -2.0% |
| DXY | 2025-01-08 | [High US Dollar Index to put pressure on Vietnamese dong in 2025](https://feedsoft.ai/events/26837-high-us-dollar-index-to-put-pressure-on-vietnamese-dong-in-2025.md) | +0.6% | -0.5% |

## Sources

- hanoitimes.vn: https://hanoitimes.vn/vietnam-central-bank-sells-us25-billion-to-curb-dong-devaluation-hsc.552690.html

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