# SVB enhances capacity to intervene in foreign currency market

> The State Bank of Vietnam said the dong's recent weakness reflected domestic stock market declines and a global dollar rise. The central bank has bought foreign currency to build reserves and says it can intervene if needed, with the Fed's rate increases also under watch.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64336-svb-enhances-capacity-to-intervene-in-foreign-currency-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Central bank reserve buildup and intervention capacity limit dong volatility, which keeps Vietnamese import costs for dollar-priced feed inputs more predictable.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/svb-enhances-capacity-to-intervene-in-foreign-currency-market-post133901.vnp

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