# SBV’s exchange rate policy aimed for macroeconomic stability

> The State Bank of Vietnam said its exchange rate policy targets macroeconomic stability rather than export growth alone. The dong had risen 1.1% against the dollar since the start of the year, and the central bank set the daily reference rate at VND22,666.

- Date: 2018-08-02 · published 2018-08-02T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/63816-sbv-s-exchange-rate-policy-aimed-for-macroeconomic-stability
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Signals that Vietnam will limit dong weakness rather than deliberately devalue, so import costs for feed inputs should rise only gradually.

## Read by commodity

- USDVND: neutral

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/463056/sbv-s-exchange-rate-policy-aimed-for-macroeconomic-stability.html

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