# Vietnam central bank ready to intervene as dong dips - VnExpress International

> The dong hit 22,965 per dollar on July 2, 2018, a record low, and the State Bank of Vietnam said it stands ready to intervene in the foreign exchange market. Reserves were about $63.5 billion at end-June, and H1 trade posted a $2.7 billion surplus.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64335-vietnam-central-bank-ready-to-intervene-as-dong-dips-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank readiness to defend the currency reduces the chance of sharp dong depreciation, which would otherwise raise dollar-priced feed import costs in Vietnam.

## Read by commodity

- USDVND: neutral

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/vietnam-central-bank-ready-to-intervene-as-dong-dips-3772229.html

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