# VN currency suffers from US-China trade war | VOV.VN

> Vietnam faces a choice between devaluing the dong further to support exports and holding the rate steady to limit public debt and inflation. Analyst Nguyen Tri Hieu said the yuan has lost about 4% against the dollar this year while the dong has lost 1.5%, making Chinese imports cheaper.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64334-vn-currency-suffers-from-us-china-trade-war-vov-vn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness that makes Chinese goods cheaper and pressure for a further dong devaluation both shape Vietnam's import costs and trade balance, which affects feed ingredient demand.

## Read by commodity

- USDCNY: bearish ▼
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-08-27 | [China yuan counter-cyclical factor: currency tweak is trade war dovish](https://feedsoft.ai/events/63741-china-yuan-counter-cyclical-factor-currency-tweak-is-trade-war-dovish.md) | +0.4% | +0.8% |
| USDCNY | 2018-01-26 | [In Global Currency Game, China Is Losing to U.S.](https://feedsoft.ai/events/11863-in-global-currency-game-china-is-losing-to-u-s.md) | -0.3% | +0.2% |
| USDCNY | 2020-02-04 | [China signals support for yuan with currency fix stronger than 7 per US dollar \| The Straits Times](https://feedsoft.ai/events/5134-china-signals-support-for-yuan-with-currency-fix-stronger-than-7-per-us-dollar.md) | -0.6% | -0.9% |
| USDCNY | 2026-03-01 | [What can China do to slow down its rising currency?](https://feedsoft.ai/events/9162-what-can-china-do-to-slow-down-its-rising-currency.md) | +0.6% | +0.8% |
| USDCNY | 2020-03-11 | [Chinese Currency Rises Against US Dollar For Five Straight Days](https://feedsoft.ai/events/10774-chinese-currency-rises-against-us-dollar-for-five-straight-days.md) | +0.7% | +1.3% |

## Sources

- english.vov.vn: https://english.vov.vn/en/market/vn-currency-suffers-from-us-china-trade-war-379781.vov

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